Tag Archives: BPCL

MARKET LIVE: Sensex falls 400 points; IT stocks, HDFC twins drag

By | June 2, 2021

LIVE market updates: The Indian benchmark indices extended their early losses and were trading over half a per cent down in Wednesday’s noon deals, dragged mainly by tech stocks and the HDFC twins. The S&P BSE Sensex fell 400 points, or 0.78 per cent, at 51,530 levels and the Nifty50 index traded below the 15,500-mark. Tech Mahindra and… Read More »

Oil stocks are the best cyclical, economy reopening bet: Chris Wood

By | May 28, 2021

Investors should stick pro-cyclical commodity stocks, especially oil / energy counters, which are the best way to play the reopening of the economy, advised Christopher Wood, global head of equity strategy at Jefferies in his weekly note to investors, GREED & fear. This is despite Beijing’s recent efforts to talk down commodity prices, and… Read More »

BPCL may sell some stake in IGL, Petronet to shed promoter status

By | May 25, 2021

Privatisation-bound Bharat Petroleum Corporation (BPCL) may sell a part of its stake in Petronet LNG and Indraprastha Gas (IGL) to shed its promoter status to obviate the need for its new owner to make open offers for the two gas companies, sources said. BPCL holds 12.5 per cent of shareholding in India’s largest liquefied… Read More »

Apollo Global, I Squared Capital rival Vedanta for buying stake in BPCL

By | December 17, 2020

Vedanta, Apollo Global, and I Squared Capital have responded to the Centre’s decision to shed its controlling stake in Bharat Petroleum Corporation (BPCL). Vedanta currently holds a controlling stake in Cairn Oil & Gas, India’s largest private sector crude oil producer, and maybe the keenest to diversify into the refining business. The… Read More »

BPCL to consider buying 36.62% Oman firm stake in Bharat Oman Refineries

By | December 15, 2020

Ahead of its planned divestment, state-run Bharat Petroleum Corporation (BPCL) on Tuesday said its board will consider a proposal to increase stake in Bharat Oman Refineries. Plans to merge Bharat Gas Resources with the company will also be considered at the meeting on Thursday. BPCL on Tuesday informed exchanges that its board will meet… Read More »

Latest news LIVE: US Electoral College confirms Biden election victory

By | December 15, 2020

President-elect Joe Biden. AP The Railways said computer-based tests to fill 140,000 posts with the national transporter will be conducted following all Covid-19 protocols, including minimum travel time to centres for the 24.4 million candidates and mandatory use of face masks. The first round of the exams will be held from today to December 18.  Prime Minister Narendra… Read More »

BPCL bid evaluation meet on Tuesday; Vedanta, Apollo Global in race

By | December 14, 2020

A high-powered committee will, on Tuesday, evaluate preliminary bids received from mining-to-oil conglomerate Vedanta and private equity firms Apollo Global and I Squared Capital’s arm Think Gas for buying the government’s 52.98 per cent stake in Bharat Petroleum Corporation Limited (BPCL), sources said. Last week, an inter-ministerial meet was held to discuss the BPCL… Read More »

Light at the end of the tunnel for domestic oil marketing companies

By | November 20, 2020

Even as concerns over the global spread of the pandemic remain, positive news flow on Covid-19 vaccine has raised hopes of global economic recovery next year and improved prospects for oil and gas demand. This, in turn, also improves the outlook for domestic oil marketing companies (OMCs) such as Bharat Petroleum (BPCL), Hindustan Petroleum (HPCL) and Indian… Read More »

Govt will not extend deadline to bid for state refiner BPCL: Report

By | November 16, 2020

The Indian government has received a “sufficient and good response” regarding the privatisation of state refiner Bharat Petroleum Corp Ltd and will not extend the deadline for private firms submitting initial bids, two sources said on Monday. The government had extended the deadline for bids for BPCL, one of India’s most profitable state-owned companies,… Read More »

Latest news LIVE: Nitish to take oath for 4th term, Bihar may get 2 Dy CMs

By | November 16, 2020

Initial bids for the privatisation of Bharat Petroleum Corp Ltd (BPCL) will close on Monday amid indications of supermajors like the UK’s BP Plc, France’s Total and Saudi Aramco unlikely to bid. The acquisition makes sense for companies which can double the profit by growing the business. Billionaire Mukesh Ambani-led Reliance Industries Ltd, which operates the world’s largest single-location oil… Read More »