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  • INTERVIEW | DIPAM Secretary: Had govt retained Air India, aviation sector growth would have been constrained Oct 11, 2021 07:49 AM IST

    INTERVIEW | DIPAM Secretary: Had govt retained Air India, aviation sector growth would have been constrained

    Speaking to Moneycontrol, DIPAM Secretary Tuhin Kanta Pandey was confident that his department will be able to privatize a number of PSUs including BEML, Shipping Corp, NINL, Pawan Hans, CEL and BPCL before March 31, 2022.

  • Exclusive: Bharat Petroleum privatisation, LIC IPO to be completed in Q4FY22: Chief Economic Advisor Sep 28, 2021 06:09 PM IST

    Exclusive: Bharat Petroleum privatisation, LIC IPO to be completed in Q4FY22: Chief Economic Advisor

    Subramanian said that Air India’s privatisation is in an advanced stage, and that the government was confident of meeting the FY22 divestment target of Rs 1.75 lakh crore.

  • Interview | Inflation should remain range-bound till December, says chief economic advisor Sep 28, 2021 06:00 PM IST

    Interview | Inflation should remain range-bound till December, says chief economic advisor

    Strap: Chief economic advisor Krishnamurthy Subramanian said the Centre is confident of completing the privatisation of Air India and Bharat Petroleum and the Life Insurance Corporation initial public offering by the fourth quarter

  • Confident of completing Air India, BPCL privatisation this fiscal: DIPAM Secretary Aug 11, 2021 11:19 AM IST

    Confident of completing Air India, BPCL privatisation this fiscal: DIPAM Secretary

    "There is a very big privatization agenda and that would mean that apart from NCLT, there will be a lot of assets on offer which will come from the public sector," Tuhin Kanta Pandey said.

  • How Indian Olympic gold medallist MM Somaya also achieved corporate success Jul 23, 2021 08:35 PM IST

    How Indian Olympic gold medallist MM Somaya also achieved corporate success

    M.M. Somaya, former India hockey captain, underwent training programs by institutions such as ISB Hyderabad, Wharton and Arthur D. Little, and became an executive director at BPCL. Aim high, don’t rest on your laurels is his message.

  • Exclusive | Privatisation of general insurer, 2 banks unlikely to be completed this fiscal Jul 19, 2021 07:50 PM IST

    Exclusive | Privatisation of general insurer, 2 banks unlikely to be completed this fiscal

    The Centre is confident of meeting the ambitious divestment target of Rs 1.75 lakh crore through share sales in Air India and other companies, including the Life Insurance Corporation IPO, which is expected to be India’s largest.

  • Bharat Petroleum partners with Accenture to digitise sales, distribution network Apr 13, 2021 01:00 PM IST

    Bharat Petroleum partners with Accenture to digitise sales, distribution network

    For this purpose Accenture will use data, artificial intelligence (AI) and cloud technologies to build, design and implement a digital platform IRIS.

  • EXCLUSIVE | Government looks to kick off FY22 privatisation programme with BPCL, Air India Mar 02, 2021 04:45 PM IST

    EXCLUSIVE | Government looks to kick off FY22 privatisation programme with BPCL, Air India

    The finance ministry’s Department of Investment and Public Asset Management (DIPAM), the nodal body for divestment, is confident that the privatisation of BPCL and Air India can be completed by late-first quarter or early second quarter of FY22.

  • BPCL's Oman Oil stake buy in Bina refinery in 10 days; Numaligarh refinery stake sale by March 31 Feb 09, 2021 07:52 PM IST

    BPCL's Oman Oil stake buy in Bina refinery in 10 days; Numaligarh refinery stake sale by March 31

    New Delhi, Feb 9 Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) will buy out Oman Oil Company's shares in Bina refinery project in the ..

  • Budget 2021: Government to take another shot at privatisation Jan 27, 2021 02:51 PM IST

    Budget 2021: Government to take another shot at privatisation

    The bulk of divestment proceeds in 2021-22 are expected to come from privatisation of BPCL, Air India, Concor, Shipping Corp and IPO of LIC Ltd

  • Exclusive | BPCL may buy Oman oil company OQ's stake in Bina refinery for Rs 2,000 crore Jan 19, 2021 05:13 PM IST

    Exclusive | BPCL may buy Oman oil company OQ's stake in Bina refinery for Rs 2,000 crore

    According to a source close to the development, the deal is likely to happen before the privatisation of BPCL

  • Govt hopes to complete Shipping Corp privatisation in H1 FY22 Dec 22, 2020 12:08 PM IST

    Govt hopes to complete Shipping Corp privatisation in H1 FY22

    The publicly-listed Shipping Corp has a fleet of 59 ships, including container vessels, dry bulk carriers, very large crude carriers, offshore supply vessels and others. Based on Tuesday morning’s price of Shipping Corp shares, the centre’s 63.75 per cent is valued at Rs 2,521 crore.

  • Even with some interest in BPCL, things don't look good for privatisation plan Nov 17, 2020 06:28 PM IST

    Even with some interest in BPCL, things don't look good for privatisation plan

    On Tuesday, BPCL shares closed 4.4 per cent lower. That would value the centre’s 53 per cent stake at around Rs 45,000 crore. And this time around, officials aren’t even remotely willing to hazard a guess on what sort of premium the government would get on its stake.

  • Cabinet hikes ethanol prices; Sugarcane farmers to benefit Oct 29, 2020 03:59 PM IST

    Cabinet hikes ethanol prices; Sugarcane farmers to benefit

    The price of sugar juice-based ethanol was being increased by Rs 3.25 per litre to Rs 62.65 per litre, that of ethanol ‘B Heavy’ was being raised to Rs 57.61 per litre, and ‘C Heavy’ ethanol will fetch Rs 45.69 per litre.

  • Interview | RailTel, IRFC IPOs in pipeline; govt has limited bandwidth to back Air India: DIPAM secretary Tuhin Kanta Pandey Oct 16, 2020 03:04 PM IST

    Interview | RailTel, IRFC IPOs in pipeline; govt has limited bandwidth to back Air India: DIPAM secretary Tuhin Kanta Pandey

    In an exclusive interview, DIPAM Secretary Tuhin Kanta Pandey says plans for FY21 include IPOs of RailTel, IRFC Ltd and WAPCOS Ltd. and the privatisation of Nilanchal Ispat Nigam Ltd plant in Odisha, and the Salem and Bhadravathi steel plants of SAIL Ltd. Pandey also said the government is trying its best to complete the privatisation of Shipping Corp, Concor Ltd, Bharat Earth Movers Ltd and Central Electronics Ltd before March 31, 2021.

  • India's petrol, diesel demand falls due to high prices, COVID-19 lockdown Jul 17, 2020 06:51 PM IST

    India's petrol, diesel demand falls due to high prices, COVID-19 lockdown

    Fuel demand growth in India, the world's third-biggest oil importer and consumer, plunged to historic lows in April when the federal government imposed a country-wide lockdown.

  • Coronavirus impact: India gets its first self-service fuel station in Pune Jun 25, 2020 04:31 PM IST

    Coronavirus impact: India gets its first self-service fuel station in Pune

    The Bharat Petroleum fuel pump located near the Regional Transport Office in Pune is the first fuel pump in India to offer this service.

  • India plans to fill strategic oil storage by the third week of May Apr 14, 2020 03:30 PM IST

    India plans to fill strategic oil storage by the third week of May

    India's fuel demand in March declined by 17.8 percent, the lowest in over two decades.

  • Disinvestment is not a bad word, all it needs is a rethink Oct 14, 2019 01:19 PM IST

    Disinvestment is not a bad word, all it needs is a rethink

    The government should seriously think of selling its stake in loss-making entities operating in the non-strategic sector

  • Bharat Petroleum Q2 PAT seen up 57.7% YoY to Rs. 1,922.3 cr: ICICI Direct Oct 10, 2019 04:42 PM IST

    Bharat Petroleum Q2 PAT seen up 57.7% YoY to Rs. 1,922.3 cr: ICICI Direct

    Net Sales are expected to decrease by 7.1 percent Y-o-Y (down 10.3 percent Q-o-Q) to Rs. 76,980.3 crore, according to ICICI Direct.

  • Govt launches programme for converting used cooking oil into biodiesel in 100 cities Aug 10, 2019 02:28 PM IST

    Govt launches programme for converting used cooking oil into biodiesel in 100 cities

    The sticker would affixed by the food joints, hotels and restaurants in their premises to show that they supply UCO for producing biodiesel.

  • BPCL and HPCL fall despite strong Q4 nos; brokerages assign mixed ratings May 21, 2019 12:28 PM IST

    BPCL and HPCL fall despite strong Q4 nos; brokerages assign mixed ratings

    Brokerage firm CLSA has a sell rating on both companies, with a target at Rs 300 per share for BPCL and Rs 210 per share for HPCL. However, Deutsche Bank has a buy rating on both oil refining majors

  • First cut } BPCL Q3FY19 – weak performance, inventory losses impact margins Feb 08, 2019 06:41 PM IST

    First cut } BPCL Q3FY19 – weak performance, inventory losses impact margins

    Gross refining margins (GRMs) dipped in line with global margin contraction. Substantial inventory losses ate away the quarter’s profitability.

  • BPCL outlook stable despite weak credit metrics: Moody's Jan 11, 2019 08:23 PM IST

    BPCL outlook stable despite weak credit metrics: Moody's

    Moody's expects the company to moderate its dividend payments or adjust its capital spending over the next 12-18 months such that its credit metrics will improve to levels more appropriate for its Ba1 baseline credit assessment.

  • Saudi Aramco eyes a majority stake in proposed Ratnagiri refinery: Report Mar 19, 2018 04:40 PM IST

    Saudi Aramco eyes a majority stake in proposed Ratnagiri refinery: Report

    The world's largest oil company is in discussion with Indian state-owned refiners for participation in the proposed petrochemical project.

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