Business Standard

Page 16 - Bpcl

'Selling family silver': CP(M) supports employees' strike against BPCL sale

The party said the strategic disinvestment of public sector enterprises was like 'selling the family silver to meet daily expenditure inevitably ruining the family'

'Selling family silver': CP(M) supports employees' strike against BPCL sale
Updated On : 21 Nov 2019 | 7:46 PM IST

Stake sale in BPCL, SCI, Concor to strengthen firms, boost growth: Ficci

The decision to undertake strategic disinvestment and transfer management control in entities like SCI, Concor, BPCL are welcome, Ficci said in a statement

Stake sale in BPCL, SCI, Concor to strengthen firms, boost growth: Ficci
Updated On : 21 Nov 2019 | 2:30 PM IST

Biggest privatisation drive: Here's how govt plans strategic sale of 5 PSUs

The Centre hopes that disinvestment proceeds will make up for some of the revenue shortfall that is expected this year

Biggest privatisation drive: Here's how govt plans strategic sale of 5 PSUs
Updated On : 21 Nov 2019 | 1:35 PM IST

BPCL scales fresh 52-week high as Cabinet okays divestment, retreats later

Apart from BPCL, the Cabinet also approved divestment of its stake from Shipping Corp, THDC India, and NEEPCO, and most of its stake in Container Corporation of India (CONCOR).

BPCL scales fresh 52-week high as Cabinet okays divestment, retreats later
Updated On : 21 Nov 2019 | 10:16 AM IST

BPCL most lucrative among govt's divestment candidates, say analysts

The company should get good suitors as it is sitting on good infrastructure and has a stable business outlook; the valuation seems attractive

BPCL most lucrative among govt's divestment candidates, say analysts
Updated On : 21 Nov 2019 | 6:37 AM IST

Centre's strategic BPCL divestment may trigger bidding war among firms

The Centre on Wednesday decided to go for sale of its entire 53.29 per cent stake and transfer of management control in BPCL to a strategic buyer

Centre's strategic BPCL divestment may trigger bidding war among firms
Updated On : 21 Nov 2019 | 2:48 AM IST

Privatisation push: Cabinet approves strategic sale of BPCL, 4 other PSUs

Finance Minister Nirmala Sitharaman said privatisation of BPCL will be without the company's equity shareholding of 61.65% in Numaligarh Refinery in Assam

Privatisation push: Cabinet approves strategic sale of BPCL, 4 other PSUs
Updated On : 21 Nov 2019 | 2:00 AM IST

In biggest privatisation drive, govt to sell stake in BPCL, 4 other CPSEs

The management control will continue to be retained with the government after considering equity held by other state-run companies in the divested firm

In biggest privatisation drive, govt to sell stake in BPCL, 4 other CPSEs
Updated On : 20 Nov 2019 | 11:53 PM IST

Select PSUs rally on 'in-principle' nod for strategic disinvestment

Bharat Petroleum Corporation (BPCL) hit a new high of Rs 548, up 6 per cent.

Select PSUs rally on 'in-principle' nod for strategic disinvestment
Updated On : 20 Nov 2019 | 3:34 PM IST

BJP making India's best organisations hollow, selling them: Priyanka

Her attack comes days after Sitharaman reportedly said the government was looking to wrap up the sale of state-run Air India and oil refiner and marketer BPCL by March 2020

BJP making India's best organisations hollow, selling them: Priyanka
Updated On : 20 Nov 2019 | 11:39 AM IST

Cabinet panel to soon take up proposal to pare majority govt stake in PSUs

BPCL will be a key to achieving the divestment target, of which only Rs 17,364 crore is met so far

Cabinet panel to soon take up proposal to pare majority govt stake in PSUs
Updated On : 19 Nov 2019 | 10:30 PM IST

BPCL gains 4% on report that govt wants to wrap up stake sale by March 2020

The finance minister Nirmala Sitharaman has said that government stake sale in the company will be completed by March next year.

BPCL gains 4% on report that govt wants to wrap up stake sale by March 2020
Updated On : 18 Nov 2019 | 10:14 AM IST

Govt to wrap up sale of Air India, BPCL by March 2020: Nirmala Sitharaman

The finance minister stated the strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of Rs 1 trillion for the current fiscal year

Govt to wrap up sale of Air India, BPCL by March 2020: Nirmala Sitharaman
Updated On : 17 Nov 2019 | 11:12 AM IST

BPCL looks at increasing diesel exports as domestic demand declines

BPCL will soon float tenders to seek term contracts for diesel exports

BPCL looks at increasing diesel exports as domestic demand declines
Updated On : 08 Nov 2019 | 10:52 PM IST

BPCL privatisation: No Cabinet decision yet on govt's disinvestment plans

It is being speculated that the Union Cabinet may take up a proposal to privatise BPCL as early as next week.

BPCL privatisation: No Cabinet decision yet on govt's disinvestment plans
Updated On : 08 Nov 2019 | 5:54 PM IST

BPCL privatisation: Pradhan says competition could benefit consumers

It is being speculated that the Union Cabinet may take up a proposal to privatise BPCL as early as next week

BPCL privatisation: Pradhan says competition could benefit consumers
Updated On : 07 Nov 2019 | 4:44 PM IST

BPCL stake sale may lead to reassessment of govt-OMC link: Ind-Ra

Traditionally, oil marketing companies (OMCs) have been used by the government to push its inclusive agenda, the latest being the dole out of free cooking gas (LPG) cylinders to poor women households

BPCL stake sale may lead to reassessment of govt-OMC link: Ind-Ra
Updated On : 05 Nov 2019 | 8:22 PM IST

BPCL's Mozambique deal under govt scanner; yet to get approval: Report

Bharat PetroResources Ltd (BPRL), an exploration and production subsidiary of BPCL, had in August 2008 bought a 10 per cent stake in Area-1 Offshore of the Rovuma Block

BPCL's Mozambique deal under govt scanner; yet to get approval: Report
Updated On : 28 Oct 2019 | 4:48 PM IST

ONGC contract workers' claim to BPCL arbitration appeal: Key court orders

The HC allowed ONGC's petition and quashed the notification. Appealing against the order, the ONGC Labour Union defended the notification in the SC

ONGC contract workers' claim to BPCL arbitration appeal: Key court orders
Updated On : 27 Oct 2019 | 11:15 PM IST

Top 10 biz headlines: Adani expansion plan, promotions at Wipro, and more

From Adani Group's plans to invest Rs 18,000 crore in airport business to Wipro promoting over 5,000 employees to check attrition rate, here are the top 10 business headlines on Monday

Top 10 biz headlines: Adani expansion plan, promotions at Wipro, and more
Updated On : 21 Oct 2019 | 7:27 AM IST