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  • 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.

  • Budget 2021 | Govt to go big on privatisation in FY22; FM announces details of strategic sector policy Feb 01, 2021 12:29 PM IST

    Budget 2021 | Govt to go big on privatisation in FY22; FM announces details of strategic sector policy

    The government has pegged the disinvestment target for FY22 at Rs 1.75 lakh crore. This will include the shedding of Centre's stake in two state-owned banks and a general insurance company, and large-scale asset sales, Finance Minister Nirmala Sitharaman said during her budget presentation.

  • SAIL OFS subscribed over 5 times, Centre to garner Rs 2,664 crore from stake sale Jan 15, 2021 09:45 PM IST

    SAIL OFS subscribed over 5 times, Centre to garner Rs 2,664 crore from stake sale

    Earlier this week, the government had proposed OFS of 20.6 crore shares of face value of Rs 10 each (base offer size), with an option to additionally sell up to 20.6 crore equity shares.

  • No going back on privatisation of BPCL, Air India Dec 27, 2020 03:00 PM IST

    No going back on privatisation of BPCL, Air India

    The target of Rs 2.10 lakh crore, includes Rs 1.20 lakh crore from CPSE disinvestments and Rs 90,000 crore from stake sale in state-run financial institutions, including LIC and IDBI.

  • Vedanta plans to raise $8 billion for BPCL acquisition: Report Dec 16, 2020 09:59 AM IST

    Vedanta plans to raise $8 billion for BPCL acquisition: Report

    Vedanta had in November submitted an expression of interest for the government's holding in the fuel retailer.

  • Panel to evaluate BPCL bids today; Vedanta, Apollo Global, I Squared Capital arm in race Dec 15, 2020 10:11 AM IST

    Panel to evaluate BPCL bids today; Vedanta, Apollo Global, I Squared Capital arm in race

    The panel will see transaction advisor Deloitte's report on the scrutiny of the three bids that were received.

  • India will grow phenomenally well hereon, says Vedanta's Anil Agarwal Dec 09, 2020 04:26 PM IST

    India will grow phenomenally well hereon, says Vedanta's Anil Agarwal

    Vedanta Chairman Anil Agarwal said, at the moment, they had no plan to make any open offer

  • Govt received three bids for BPCL: Dharmendra Pradhan Dec 02, 2020 01:32 PM IST

    Govt received three bids for BPCL: Dharmendra Pradhan

    Vedanta had on November 18 confirmed putting in an expression of interest (EoI) for buying the government's 52.98 percent stake in BPCL.

  • LPG subsidy for BPCL consumers to continue post-privatisation: Dharmendra Pradhan Nov 27, 2020 03:50 PM IST

    LPG subsidy for BPCL consumers to continue post-privatisation: Dharmendra Pradhan

    The government gives 12 cooking gas (LPG) cylinders of 14.2-kg each to households in a year at a subsidised rate. This subsidy is directly paid into the bank accounts of the users.

  • BPCL share price opens in the red after major energy companies skip race for stake sale Nov 18, 2020 09:37 AM IST

    BPCL share price opens in the red after major energy companies skip race for stake sale

    Market sentiments were dampened as energy giants including Reliance Industries, Saudi Aramco and BP gave the bidding process a miss and did not submit Expressions of Interest for the 52.98 percent of the stake on sale.

  • India will not extend deadline for BPCL bids: Report Nov 16, 2020 06:45 PM IST

    India will not extend deadline for BPCL bids: Report

    The deadline to submit bids to buy the government's entire stake in BPCL is November 16.

  • Govt allows online bid submission for BPCL buy-out due to COVID-19 Nov 06, 2020 09:39 PM IST

    Govt allows online bid submission for BPCL buy-out due to COVID-19

    The government is keen to close the sale before March 31, 2021, to help meet a record Rs 2.1 lakh crore target which Finance Minister Nirmala Sitharaman has set from disinvestment proceeds in the Budget for 2020-21.

  • BPCL Standalone September 2020 Net Sales at Rs 50,146.36 crore, down 22.06% Y-o-Y Nov 02, 2020 06:33 PM IST

    BPCL Standalone September 2020 Net Sales at Rs 50,146.36 crore, down 22.06% Y-o-Y

  • BPCL Consolidated September 2020 Net Sales at Rs 49,408.60 crore, down 23.15% Y-o-Y Nov 02, 2020 06:33 PM IST

    BPCL Consolidated September 2020 Net Sales at Rs 49,408.60 crore, down 23.15% Y-o-Y

  • BPCL Consolidated September 2020 Net Sales at Rs 49,408.60 crore, down 23.15% Y-o-Y Oct 30, 2020 09:25 AM IST

    BPCL Consolidated September 2020 Net Sales at Rs 49,408.60 crore, down 23.15% Y-o-Y

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