Page 15 - Bpcl

Govt likely to invite bids for stake sale in Air India, BPCL by next month

Last month, the Cabinet had approved a strategic divestment of the government's 53.29 per cent stake in BPCL, along with transfer of certain management control

Centre likely to pare stake in BEML to 26% via strategic disinvestment

The government has set an all-time high disinvestment target of Rs 1.05 lakh crore, up from Rs 90,000 crore projected in the Interim Budget 2019-20 in February.

HPCL most vulnerable to falling refining margins; RIL best placed

A higher diesel spread means refiners will see better GRMs as compared to the benchmark

Markets heading for a third straight year of narrow stock participation

Weak underlying economic trends may keep market interest limited to select stocks

BPCL stake sale shows govt's change of track on disinvestment, says CEA

The CEA's views came amid questions over stake sale in profit-making PSUs

Plans to privatise BPCL suicidal for nation, says PSU officers' union

The officers union was not opposed to private competition but they should not be handed on a platter assets set up over years.

Privatisation to the rescue: But will it work? Here's how it can be made to

The Modi govt is strong enough to override the resistance that has come from some quarters, but it should be mindful of reputation risks in decisions on complex financial questions, writes T N Ninan

BPCL privatisation: Govt has no business to be in business, says Pradhan

Currently, 95 per cent of retail petrol and diesel sales and near 100 per cent of cooking gas (LPG) and kerosene sales are controlled by the public sector units.

Top 10 business headlines: Tax mop-up contracts, BPCL stake sale and more

From cars to cost more in new year, Sebi giving time to six brokers to wind up clients to NTPC planning to expand in its renewables capacity, Business Standard bring you the top headlines of the day

BPCL stake sale: Deloitte quotes Re 1 as its disinvestment advisory fee

The government has set a 50-day timeline for asset valuation to happen in BPCL, as it wants to complete the process before March 31, 2020

Despite criticism, govt digs in heels for privatisation of Air India, BPCL

DIPAM is in the process of appointing transaction and legal advisors for BPCL, Concor, and SCI

BPCL stake sale a test case for Modi govt's second shot at privatisation

Here are some of the issues on the table

At least 100 petrol pumps, 5% in remote areas: New liberalised fuel policy

The government had last month relaxed norms for setting up petrol pumps, allowing non-oil companies to market fuel in the world's fastest growing market

Moody's places BPCL under review for downgrade over privatisation

Moody's rating action assumes that BPCL's status as a government-owned entity in India will continue until at least the conclusion of the proposed sale

Oil firms need 40% more ethanol than sugar mills' installed capacity

The gap is expected to be met by non-sugarcane sources like wheat and corn

BPCL conundrum: Govt sure of good returns, but says it's race against time

Govt officials and industry experts confident that the Centre's stake in BPCL can be sold at a premium of 20-30%

Land trouble in Kochi may hit govt's plan for strategic stake sale of BPCL

At least 25 unions have already called a nationwide strike protesting against the Centre's move to privatise BPCL

OIL, IOC may get Numaligarh refinery as govt 'wants to keep it' with a PSU

A major reason why the government kept NRL outside the strategic sale of BPCL was its importance to the Assam Accord

Lack of clarity over Numaligarh refinery, investments key concerns for BPCL

The high valuation is another reason for analysts to be cautious on the stock

The big push, finally

Strategic sale decision welcome; should have come earlier