BPCL privatisation: Russia's Rosneft keen to bid for state-owned refinery; meets with Oil Minister Dharmendra Pradhan
As on 31 March, BPCL reported cash and cash equivalents of around Rs 5,300 crore, against Rs 10,900 crore of debt maturing over the next 15 months.
Buyers of Air India, BPCL not to get free hand to shed excess staff: DIPAM secretary Tuhin Kanta Pandey
Buyers of loss-making airline Air India and oil firm Bharat Petroleum Corporation Ltd (BPCL) will not get a free hand to shed excess workforce as the government will build in certain protection to employees in the share sale agreement, DIPAM Secretary Tuhin Kanta Pandey said
Indian Oil Corp (IOC), the country's biggest oil firm, will decide on bidding to buy Bharat Petroleum Corporation Ltd (BPCL) after the government lists out rules for the stake sale, its Chairman Sanjiv Singh said Thursday
BPCL privatisation: Indian Oil, other PSUs not to be allowed to bid for state-run oil firm, hints Dharmendra Pradhan
BPCL will give buyers ready access to 14% of India's oil refining capacity and about one-fourth of the fuel marketing infrastructure in the world's fastest-growing energy market.
Oil Minister Dharmendra Pradhan on Thursday hinted that public sector firms such as Indian Oil Corporation (IOC) may not be allowed to bid for buying government stake in Bharat Petroleum Corporation Ltd (BPCL), for which a buyer may have to shell out as much as Rs 90,000 crore
Industry body FICCI on Thursday hailed the centre's go-ahead to the sale of its stake BPCL, SCI and Concor stating that the move would strengthen the performance of these companies and bring in fresh investments for both modernisation and expansion
Shares of Bharat Petroleum Corp Ltd (BPCL), Shipping Corp of India (SCI) and Container Corp of India (Concor) showed mixed trend on Thursday after the Cabinet approved the sale of government's stake in these companies
BPCL privatisation: Govt has no business to be in business, says Petroleum Minister Dharmendra Pradhan
Petroleum Minister Dharmendra Pradhan on Thursday said the government has "no business to be in business", and cited examples of telecom and aviation sectors where opening up had led to increased competition and price cuts to the benefit of consumers
BPCL privatisation: Saudi Aramco, Rosneft, ExxonMobil among global energy companies likely to bid for govt's stake in state-run oil firm
Privatisation of BPCL will not just shake up the fuel retailing sector long dominated by state-owned firms but also help meet at least a third of the government's Rs 1.05 lakh crore disinvestment target.
Shares of BPCL fell over 3 percent on Monday after the government repealed the legislation that had nationalised the company