Traders can benefit from price volatility in the months to come
Assam gives NOC for sale of 61.65% stake in Numaligarh Refinery, a BPCL subsidiary
An output cut, at best, will put a floor to the falling crude prices, but it may not stabilise demand-supply dynamics.
HPCL, with higher proportion of retail sales, may benefit more from improvement in marketing margins
One of the biggest challenges has been to execute the change in outlets situated in remote areas with lower off-take
Global crude oil fell about 40% in March (to about $25 a barrel now) so far after talks of production cut between the OPEC and Russia failed.
BPCL's head of refineries also said his company is also exploring buying additional oil from UAE
As confidence on equities declines, large oil producers may hesitate to loosen their purse strings, thereby impacting valuations too
Auto fuel prices may see a cut of another Rs 9-13 per litre over a fortnight if crude oil remains at same level
May 2 set as deadline to submit EoIs, PSUs kept out
Expressions of interest for the strategic sale of BPCL were invited by May 2, the Department of Investment and Public Asset Management (DIPAM) said in the bid document
Agarwal said the share price has moved up 40-50 per cent since the time the government announced its plan to sell stake in November last year
BPCL will roll out BS-VI fuels at all its outlets from March
IOC and BPCL to also gain from lower working capital requirement and firm marketing margins, but weak GRMs may limit the upside
For Sun Pharma, keep a stop at 407 and go short
BPCL is in the process of buying land from Hindustan Organic Chemicals to set up the planned facilities
This will now be put up for approval by 'Alternative Mechanism' which is essentially a very small grouping of key Cabinet ministers, sources privy to the development said
Moreover, for FY20, officials said the revised divestment plans will not be derailed because of cancelled road shows in the Far East over fears of Coronavirus
DIPAM has already started the process of appointing advisors for the sale of the entire government stake in BPCL
BPCL had posted a net profit of Rs 698.62 crore in October-December 2018