Oct 28, 2019 03:33 PM IST
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 from the US energy major Anadarko Petroleum Corp for USD 75 million. That same month Videocon through its subsidiary acquired a 10 per cent stake in the same block for an equivalent block.
- Oct 23, 2019 04:12 PM IST
Track this space for all live updates on the Cabinet briefing by Union Ministers Prakash Javadekar and Ravi Shankar Prasad.
- Oct 21, 2019 11:58 AM IST
The companies may bid for the government’s entire 53.3 percent stake in BPCL, either individually or as part of a consortium
- Oct 19, 2019 08:57 PM IST
The company, which has been making profit all along, has made more than Rs 50,000 crore investment in the last five years. Vijayan urged the Prime Minister to issue appropriate directions to give up the move to disinvest BPCL
- Oct 17, 2019 09:45 PM IST
In an exclusive interview with CNBC-TV18, Aditya Suresh of Macquarie Capital Securities spoke at length about the disinvestment process and how the assets of BPCL will fit the global energy majors.
- Oct 16, 2019 04:00 PM IST
Net Sales are expected to decrease by 0.1 percent Y-o-Y (down 5.4 percent Q-o-Q) to Rs. 72,210 crore, according to Sharekhan.
- Oct 09, 2019 08:32 PM IST
Khera also accused the BJP and the RSS of trying to divert people's attention to evade the "real issue" of economic slowdown
- Oct 09, 2019 10:33 AM IST
The stock has fallen 8 percent in the three trading sessions.
- Oct 06, 2019 11:22 AM IST
Keen to get multi-nationals in domestic fuel retailing to boost competition, the government is mulling selling most of its 53.3 percent stake in BPCL to a strategic partner.
- Oct 03, 2019 05:23 PM IST
Moody's said the proposed stake sale in BPCL would remove the company's links and prompt bond redemption, a credit negative.
- Oct 03, 2019 12:32 PM IST
Among sectors bank, metal, pharma and FMCG are under pressure, while buying seen in the auto, energy, infra and IT stocks.
- Oct 03, 2019 09:07 AM IST
The offers lined up so far barely move the needle
- Oct 01, 2019 01:02 PM IST
The government of India holds 53.29 percent equity in BPCL, which at current market price could translate to about Rs 55,000 crore.
- Sep 29, 2019 11:33 AM IST
Privatisation of BPCL will not just shake up fuel retailing sector long dominated by state-owned firms but also help meet at least a third of the government's Rs 1.05 lakh crore disinvestment target.
- Sep 28, 2019 12:22 PM IST
We recommend buying Bharat Petroleum Corporation around Rs 450 and lower towards Rs 425 levels with a stop loss of Rs 367 for higher targets of Rs 590.
- Sep 25, 2019 01:58 PM IST
As per strategic divestment policy, the government can cut its holding in companies to below 51 percent and transfer management control.
- Sep 19, 2019 09:39 AM IST
It should not be viewed as selling the family silver but for changing the structure of PSUs and improving their efficiency.
- Sep 17, 2019 12:35 PM IST
Any further rise in crude prices may have an impact on the fiscal deficit situation of India amid fall in rupee against the US Dollar.
- Sep 11, 2019 11:28 AM IST
Best high beta and interest rate sensitive stocks to play the rally from the ICICI Securities coverage universe include stocks like SBI, Axis Bank, BPCL, NTPC, Power Grid, L&T, Ultratech Cement.
- Sep 09, 2019 11:36 AM IST
- Sep 06, 2019 09:10 AM IST
Rather than using it as a strategic instrument for disinvestment, the government has used the CPSE ETF like its ATM
- Sep 05, 2019 10:39 AM IST
Nifty Energy zoomed over 3 percent intraday on Thursday with oil marketing companies being the top gainers.
- Sep 04, 2019 08:40 AM IST
For IOC, acquiring BPCL at current market price may not be a bad deal
- Aug 26, 2019 04:38 PM IST
BPCL, the country's second-biggest state-owned oil refining and fuel marketing company, is betting big on gas business in anticipation of energy consumption basket undergoing change as focus shifts to cleaner sources.
- Aug 14, 2019 01:41 PM IST
Motilal Oswal is bullish on BPCL has recommended buy rating on the stock with a target price of Rs 465 in its research report dated August 13, 2019.