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  • Kerala model: How India’s only oxygen surplus state is managing the crisis Apr 23, 2021 10:58 AM IST

    Kerala model: How India’s only oxygen surplus state is managing the crisis

    Kerala has the distinction of being the only State with an oxygen surplus, so much so, that it has been sending supplies to Tamil Nadu, Goa and Karnataka as well. The State’s oxygen production is at 199 metric tonnes per day. Demand for Covid care in the State comes to 35 MTPD, while non-covid care requires around 45 MTPD.

  • IOC, BPCL to supply oxygen to hospitals in Delhi, Haryana, Punjab Apr 19, 2021 07:40 PM IST

    IOC, BPCL to supply oxygen to hospitals in Delhi, Haryana, Punjab

    In the face of a massive surge in demand for medical oxygen during the second wave of the pandemic, IOC has diverted the high-purity oxygen used in its Mono Ethylene Glycol (MEG) unit to produce medical-grade liquid oxygen at its Panipat refinery and petrochemical complex in Haryana.

  • COVID-19 update | BPCL to supply medical oxygen to Kerala from Kochi Refinery Apr 15, 2021 11:01 PM IST

    COVID-19 update | BPCL to supply medical oxygen to Kerala from Kochi Refinery

    Last year, the company had supplied around 25 tonnes of medical oxygen when the average daily cases had risen in October-November. The build-own-operate unit of Kochi Refinery has a provision to produce and store liquid oxygen of 99.7 per cent purity.

  • Petroleum Minister Dharmendra Pradhan to hold review meet on ethanol blending programme timeline: Report Apr 08, 2021 02:10 PM IST

    Petroleum Minister Dharmendra Pradhan to hold review meet on ethanol blending programme timeline: Report

    Representatives of Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation are likely to attend the meeting.

  • Petrol, diesel consumption rises in March; ATF, LPG sales remain muted Apr 01, 2021 06:05 PM IST

    Petrol, diesel consumption rises in March; ATF, LPG sales remain muted

    On April 1, petrol rates were seen at Rs. 90.56 a litre and diesel at Rs 80.87 a litre in the National Capital Region.

  • LPG price to see a drop of Rs 10 per cylinder from April 1 Mar 31, 2021 07:15 PM IST

    LPG price to see a drop of Rs 10 per cylinder from April 1

  • BPCL acquires Oman's 36.6% stake in Bina Refinery Mar 31, 2021 06:02 PM IST

    BPCL acquires Oman's 36.6% stake in Bina Refinery

    The deal for buying Oman’s stake comes at a time when the government is looking to offload its entire stake in BPCL.

  • Progress on BPCL privatisation multiple steps remains: Fitch Ratings Mar 19, 2021 01:42 PM IST

    Progress on BPCL privatisation multiple steps remains: Fitch Ratings

    The government is selling its entire 53.98 percent stake in India's second-largest fuel retailer Bharat Petroleum Corporation Ltd (BPCL). Three firms, including Vedanta Ltd, have evinced interest in buying the stake.

  • BPCL Trust sells shares worth Rs 5,525 crore Mar 10, 2021 02:58 PM IST

    BPCL Trust sells shares worth Rs 5,525 crore

    ICICI Prudential MF acquired shares worth Rs 608 crore in block deal.

  • BPCL launches block deal to raise around Rs 3,700 crore; may soon take a call on special dividend Mar 08, 2021 09:20 PM IST

    BPCL launches block deal to raise around Rs 3,700 crore; may soon take a call on special dividend

    Recently, in a move considered as a first step towards its divestment, BPCL approved the sale of the firm's holding in the Numaligarh Refinery for Rs 9,878 crore.

  • BPCL may use proceeds from NRL deal to fund acquisition of Oman's stake in Bina Refinery Mar 02, 2021 05:35 PM IST

    BPCL may use proceeds from NRL deal to fund acquisition of Oman's stake in Bina Refinery

    BPCL will also be paying a dividend to shareholders after the completion of NRL deal.

  • Oil India, Engineers India and Assam govt to pick up BPCL stake in Numaligarh refinery for Rs 9,876 crore Mar 01, 2021 08:10 PM IST

    Oil India, Engineers India and Assam govt to pick up BPCL stake in Numaligarh refinery for Rs 9,876 crore

    The transaction is likely to happen this month and is considered to be the first step towards the privatisation of BPCL.

  • Exclusive: Petrol consumption dips 2%, diesel by 9% in February Mar 01, 2021 02:53 PM IST

    Exclusive: Petrol consumption dips 2%, diesel by 9% in February

    Cooking gas was the only petroleum product that saw an upward trend in consumption, posting an increase of 8 percent in February.

  • Was sure about divestment process being of no help: Enam's Sridhar Sivaram Feb 26, 2021 04:01 PM IST

    Was sure about divestment process being of no help: Enam's Sridhar Sivaram

    “In our view, BPCL and Container Corporation of India (CONCOR) are possibly the best two companies currently that are being offered,” Sridhar Sivaram, Investment Director at Enam Holdings said

  • Oil India, Engineers India submit bid for acquiring BPCL's Numaligarh Refinery Feb 25, 2021 04:42 PM IST

    Oil India, Engineers India submit bid for acquiring BPCL's Numaligarh Refinery

    The Union Cabinet had cleared the proposal for strategic sale of the government’s 53.29 percent stake in BPCL on November 20, 2019.

  • Centre’s divestment strategy: PM Narendra Modi, FM Nirmala Sitharaman to address webinar on implementation of Budget announcements Feb 23, 2021 01:02 PM IST

    Centre’s divestment strategy: PM Narendra Modi, FM Nirmala Sitharaman to address webinar on implementation of Budget announcements

    As a part of the 'Aatmanirbhar Bharat' package announced in May 2020, the government has lined key areas where bare minimum public sector undertakings will be maintained and the rest will be privatised.

  • Oil India, Engineers India to jointly bid for BPCL's stake in Numaligarh Refinery Feb 18, 2021 08:26 PM IST

    Oil India, Engineers India to jointly bid for BPCL's stake in Numaligarh Refinery

    NRL is the largest customer of OIL’s crude produced from its North Eastern fields. The deal is likely to happen before the privatisation process of BPCL is over.

  • What Vedanta Resources’ $10 Billion divestment kitty can achieve Feb 16, 2021 09:17 AM IST

    What Vedanta Resources’ $10 Billion divestment kitty can achieve

    The Anil Agarwal-promoted holding company is raising money to bid in the government’s PSU privatisation drive

  • 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 ..

  • BPCL Standalone December 2020 Net Sales at Rs 66,731.39 crore, down 10.71% Y-o-Y Feb 09, 2021 10:22 AM IST

    BPCL Standalone December 2020 Net Sales at Rs 66,731.39 crore, down 10.71% Y-o-Y

  • BPCL Consolidated December 2020 Net Sales at Rs 66,074.93 crore, down 11.85% Y-o-Y Feb 09, 2021 10:22 AM IST

    BPCL Consolidated December 2020 Net Sales at Rs 66,074.93 crore, down 11.85% Y-o-Y

  • Oil India to pick up BPCL stake in Numaligarh refinery this fiscal Feb 05, 2021 03:58 PM IST

    Oil India to pick up BPCL stake in Numaligarh refinery this fiscal

    Out of the total 61.65 percent BPCL stake in NRL, around 48 percent will be sold to a consortium led by OIL and Engineers India, while another 13.65 percent will be given to the government of Assam.

  • Interview | We want to connect everyone to the LPG network, says petroleum secretary Tarun Kapoor Feb 04, 2021 07:29 PM IST

    Interview | We want to connect everyone to the LPG network, says petroleum secretary Tarun Kapoor

    In an interview with Moneycontrol, Ministry of Petroleum and Natural Gas secretary Tarun Kapoor said the government is further easing out norms for getting an LPG connection.

  • INTERVIEW | Confident of listing LIC, selling BPCL, Air India in FY22, says DIPAM Secretary Tuhin Kanta Pandey Feb 02, 2021 08:43 PM IST

    INTERVIEW | Confident of listing LIC, selling BPCL, Air India in FY22, says DIPAM Secretary Tuhin Kanta Pandey

    DIPAM Secretary Tuhin Kanta Pandey told Moneycontrol that while the names of two state-owned banks and one general insurance company to be privatised are yet to be decided, just announcing that PSBs are up for privatisation was a big statement of intent in itself.

  • Budget 2021: Capital outlay for energy majors sees a rise Feb 02, 2021 04:59 PM IST

    Budget 2021: Capital outlay for energy majors sees a rise

    For FY22, investment in state-run oil and gas companies is pegged at Rs 104,870 crore, up from Rs 99,650 based on the revised estimates of FY21.

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