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BPCL share sale is essential for meeting the government’s record <span class='webrupee'>₹</span>2.1 trillion divestment target that the finance ministry announced in the budget for 2020-21.

Disinvestment: BPCL to sell Numaligarh Refinery stake for 9,876 cr

PTI |
PUBLISHED ON MAR 02, 2021 10:40 AM IST
In keeping with the Assam Peace Accord, the government had decided to keep Numaligarh Refinery Ltd (NRL) in the public sector. As part of this, BPCL was to sell its entire 61.65 per cent stake to state-owned firms.
BPCL share sale is essential for meeting the government’s record Rs 2.1 trillion divestment target that the finance ministry announced in the budget for 2020-21.
BPCL share sale is essential for meeting the government’s record Rs 2.1 trillion divestment target that the finance ministry announced in the budget for 2020-21.

Union govt eyes Rs 90,000 cr from BPCL stake sale

Livemint | By Utpal Bhaskar
PUBLISHED ON JAN 02, 2021 03:50 AM IST
The BPCL’s stock has underperformed market benchmarks, like some other stocks of state-run companies, despite markets hitting new highs. BPCL’s shares rose Rs 2.05, or 0.54%, to Rs 383 on Friday, while the Sensex rose 0.25% to 47,868.98.
Vedanta’s interest in Bharat Petroleum Corp. stems from its $8.67 billion acquisition of oil producer Cairn India nearly a decade back.(Reuters)
Vedanta’s interest in Bharat Petroleum Corp. stems from its $8.67 billion acquisition of oil producer Cairn India nearly a decade back.(Reuters)

Vedanta submits EoI with eye on government stake in BPCL

Chennai | By Reuters
UPDATED ON NOV 19, 2020 08:48 AM IST
A special purpose vehicle floated by the BSE-listed Vedanta Ltd and its London-based parent Vedanta Resources submitted an EoI before the close of deadline on November 16.
The Delhi EV Policy, 2020 targets 25% of all new vehicle registrations by 2024 to be Battery Electric Vehicles (BEVs). In order to encourage the rapid adoption of electric vehicles, the government is focusing on the speedy roll out of electric vehicle charging Infrastructure in Delhi.(Pradeep Gaur/ Mint)
The Delhi EV Policy, 2020 targets 25% of all new vehicle registrations by 2024 to be Battery Electric Vehicles (BEVs). In order to encourage the rapid adoption of electric vehicles, the government is focusing on the speedy roll out of electric vehicle charging Infrastructure in Delhi.(Pradeep Gaur/ Mint)

Land-owning agencies meet to identify sites for electric vehicle charging depots

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON OCT 27, 2020 04:03 AM IST
The first meeting of the working group was held on September 17. During the meeting, the members had agreed that Delhi Transco Limited (DTL) will be the state nodal agency for EVs.
Residents of the Mahul-Trombay industrial area have been demanding their rehabilitation for the past two years on health grounds because of severe air pollution.(Sourced)
Residents of the Mahul-Trombay industrial area have been demanding their rehabilitation for the past two years on health grounds because of severe air pollution.(Sourced)

Mahul firms catching up with state’s pollution abatement plan: Environment Minister

Hindustan Times, Mumbai | By Badri Chatterjee
PUBLISHED ON SEP 25, 2020 10:06 AM IST
The air pollution is being caused by emissions from refineries and thermal power plants that operate in Mahul-Trombay industrial area
Benchmark Brent crude fell $39.83 a barrel on Friday because of weak demand. It slipped below $40 a barrel for the first time since June 15.(Representational Photo/HT)
Benchmark Brent crude fell $39.83 a barrel on Friday because of weak demand. It slipped below $40 a barrel for the first time since June 15.(Representational Photo/HT)

Diesel cheaper by 63 paise as global oil prices fall

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON SEP 12, 2020 01:52 PM IST
Petrol rates have been cut by 22 paise a litre, bringing down its retail price to Rs 81.86 in Delhi
Officials said BPCL is of strategic importance and hence all precautions need to be taken to ensure no entity from hostile countries such as China and Pakistan have even indirect connections with the prospective buyers.(REUTERS)
Officials said BPCL is of strategic importance and hence all precautions need to be taken to ensure no entity from hostile countries such as China and Pakistan have even indirect connections with the prospective buyers.(REUTERS)

Centre to go for prior check for Chinese connection before finalising BPCL bidder

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON SEP 07, 2020 06:04 PM IST
The entire bidding process will be jeopardised if security clearance is denied to the declared winning bidder as the valuation of the company would be in the public domain by then
BPCL, where the government is selling its entire 52.98 per cent stake, has about 20,000 employees.(ANI File Photo)
BPCL, where the government is selling its entire 52.98 per cent stake, has about 20,000 employees.(ANI File Photo)

BPCL offers VRS option to employees ahead of privatisation

New Delhi | By Press Trust of India | Posted by Anubha Rohatgi
UPDATED ON JUL 26, 2020 02:45 PM IST
A senior company official said the VRS has been brought to offer an exit option for any employee or officer who does not want to work under a private management.
The issue started in February 1965 when BPCL, which earlier was Burmah Shell Oil Storage and Distribution Company of India Limited, secured a 20 year lease for the property for Rs 3,900 per year but did not secure a registered lease deed. (Image used for representation).(REUTERS PHOTO.)
The issue started in February 1965 when BPCL, which earlier was Burmah Shell Oil Storage and Distribution Company of India Limited, secured a 20 year lease for the property for Rs 3,900 per year but did not secure a registered lease deed. (Image used for representation).(REUTERS PHOTO.)

BPCL may have to let go Nashik plot held illegally for 55 years

Hindustan Times, Mumbai | By Kanchan Chaudhari
UPDATED ON APR 29, 2020 03:45 PM IST
The bench of Justice Dama Sheshadri Naidu was critical of BPCL’s numerous attempts to appeal, and thereby prolong the legal battle.
A senior finance ministry official said that the government has time till March 31, 2021 for the privatisation processes of public sector firms such as Air India and Bharat Petroleum Corp. Ltd.(PTI)
A senior finance ministry official said that the government has time till March 31, 2021 for the privatisation processes of public sector firms such as Air India and Bharat Petroleum Corp. Ltd.(PTI)

Govt extends deadline for Air India bids by 2 months

Hindustan Times, New Delhi | By Rhik Kundu and Asit Ranjan Mishra, New Delhi
PUBLISHED ON APR 29, 2020 01:48 AM IST
The latest decision by the government comes amid the lockdown to contain the covid-19 outbreak, which has severely hurt the economy.
Fuel retailers’ diesel sales were down by about 26 per cent and petrol by nearly 17 per cent in March.(Pradeep Gaur/Mint)
Fuel retailers’ diesel sales were down by about 26 per cent and petrol by nearly 17 per cent in March.(Pradeep Gaur/Mint)

How Covid-19 lockdown has impacted fuel prices and what oil companies are doing

Hindustan Times, New Delhi | By Agencies
UPDATED ON APR 08, 2020 08:18 AM IST
India is the world’s third-largest energy consumer but the Covid-19 lockdown has shut businesses and brought almost the entire vehicular movement to a halt, impacting fuel demand.
BPCL is crucial for India’s energy security by virtue of being the second-largest fuel retailer and the third-largest refiner in the country.(Reuters file photo)
BPCL is crucial for India’s energy security by virtue of being the second-largest fuel retailer and the third-largest refiner in the country.(Reuters file photo)

National security priority in Bharat Petroleum sale: Govt

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON MAR 09, 2020 03:12 AM IST
The government will closely evaluate the aspect of national security before selling Bharat Petroleum Corporation Ltd (BPCL) to the highest bidder.
Hardik Pandya in DY Patil T20 Cup(HT Collage)
Hardik Pandya in DY Patil T20 Cup(HT Collage)

Fans invade pitch, go berserk after Hardik Pandya’s blistering show in DY Patil T20 Cup - WATCH

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON MAR 07, 2020 01:25 PM IST
After the culmination of the match, thousands of fans invaded the pitch, chanting “Hardik, Hardik” as the noise reverberated in the stadium. Some of the fans even came near the Reliance 1 dressing room to get a glimpse of Hardik Pandya.
For an FM to admit that nominal growth in 2020-21 would likely be 10% is a clear admission that there are headwinds to growth(PTI)
For an FM to admit that nominal growth in 2020-21 would likely be 10% is a clear admission that there are headwinds to growth(PTI)

Decoding Budget 2020 | HT Editorial

Hindustan Times | By HT Correspondent
UPDATED ON FEB 01, 2020 10:20 PM IST
Transparency on data, effort to boost growth, and tax cuts are welcome. But will it be enough?
Union minister Piyush Goyal at a session at the World Economic Forum in Davos, Switzerland, on Thursday.(PTI Photo)
Union minister Piyush Goyal at a session at the World Economic Forum in Davos, Switzerland, on Thursday.(PTI Photo)

‘If I was not a minister, I would have bid for Air India’: Piyush Goyal

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON AUG 31, 2020 03:44 PM IST
In 2018-19, Air India’s net loss was around Rs 8,556 crore. The airline has a debt burden of more than Rs 80,000 crore.
The government has roped in states to expedite projects worth about Rs 90,000 crore to directly supply piped natural gas to about 40 million households(Hindustan Times)
The government has roped in states to expedite projects worth about Rs 90,000 crore to directly supply piped natural gas to about 40 million households(Hindustan Times)

Govt seeks to bring states on board for piped gas project

Hindustan times, New Delhi | By Rajeev Jayaswal
UPDATED ON JAN 19, 2020 11:36 PM IST
IGL, which is a private entity, is promoted by state-run energy majors — Bharat Petroleum Corporation Ltd (BPCL) and Gail India Ltd with equal shareholding of 22.5% each.
The government has signalled to at least two of its blue chip firms — Indian Oil Corporation (IOC) and Oil and Natural Gas Corporation (ONGC) — to be ready to participate in the strategic disinvestment of Bharat Petroleum Corporation Ltd (BPCL).(Livemind image)
The government has signalled to at least two of its blue chip firms — Indian Oil Corporation (IOC) and Oil and Natural Gas Corporation (ONGC) — to be ready to participate in the strategic disinvestment of Bharat Petroleum Corporation Ltd (BPCL).(Livemind image)

PSUs may be asked to take part in BPCL disinvestment

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON JAN 07, 2020 05:44 AM IST
In the 2019-20 financial year, the government, which has been facing a slowdown in growth for six straight quarters, has so far mopped up just 17,364.26 crore through disinvestment.
The Bombay Stock Exchange Limited(Hindustan Times Media)
The Bombay Stock Exchange Limited(Hindustan Times Media)

Government close to disinvestment target

Hindustan Times, New Delhi | By Vineet Sachdev
UPDATED ON NOV 22, 2019 03:00 AM IST
Data from the ministry of finance shows that the government had already realised Rs 20,598 crore of this target by September.
The Cabinet decided on the divestment of the government’s entire 53.29% shareholding in the oil refiner and fuel retailers, along with transfer of management control to a strategic buyer, finance minister Nirmala Sitharaman said.(PTI Photo)
The Cabinet decided on the divestment of the government’s entire 53.29% shareholding in the oil refiner and fuel retailers, along with transfer of management control to a strategic buyer, finance minister Nirmala Sitharaman said.(PTI Photo)

Government stake sale in BPCL, 4 firms cleared

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON NOV 21, 2019 12:41 AM IST
Government retained its ownership of Numaligarh Refinery Ltd (NRL) through another public sector company.
National Democratic Alliance (NDA) government plans to trifurcate the assets of Bharat Petroleum Corporation Ltd(Reuters)
National Democratic Alliance (NDA) government plans to trifurcate the assets of Bharat Petroleum Corporation Ltd(Reuters)

In Centre’s strategy to get best price for BPCL, a plan to trifurcate assets

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON NOV 20, 2019 09:45 PM IST
Under the plan, one part of BPCL will be a wholly owned entity of the company, one will become part of a joint venture and its Numaligarh Refinery Ltd (NRL) in Assam will become a separate asset that will eventually be sold to another public sector oil company, the two officials said.
The move comes in the backdrop of the central government’s plan to double farmers’ income by 2022.(Mint File photo)
The move comes in the backdrop of the central government’s plan to double farmers’ income by 2022.(Mint File photo)

Cabinet increases ethanol prices before state elections

livemint, New Delhi | By Utpal Bhaskar
UPDATED ON SEP 03, 2019 04:47 PM IST
The ‘C’ heavy molasses and ‘B’ heavy molasses will be priced at Rs 43.75 per litre and Rs 54.27 per litre, respectively. The price of ethanol from sugarcane juice, sugar and sugar syrup has been fixed at Rs 59.48 per litre.
Prime Minister Narendra Modi Sunday dedicated to the nation an integrated refinery expansion complex of the public sector Bharat Petroleum Corporation Limited at the Kochi Refinery.(ANI/Twitter)
Prime Minister Narendra Modi Sunday dedicated to the nation an integrated refinery expansion complex of the public sector Bharat Petroleum Corporation Limited at the Kochi Refinery.(ANI/Twitter)

PM Narendra Modi dedicates BPCL’s refinery expansion complex in Kochi

Kochi | By Press Trust of India
PUBLISHED ON JAN 27, 2019 04:12 PM IST
The integrated refinery is a modern expansion complex and would transform the Kochi Refinery as the largest PSU refinery in the country with world class standards.
The government may extend the newly announced 10% reservation for economically weaker sections (EWS) in government jobs and education institutes.(Amit Bhargava)
The government may extend the newly announced 10% reservation for economically weaker sections (EWS) in government jobs and education institutes.(Amit Bhargava)

Government may extend 10% quota for poorer sections to allocation of petrol pumps

New Delhi | By Rajeev Jayaswal
UPDATED ON JAN 12, 2019 07:35 AM IST
These companies follow the reservation policy of the central government, two government officials said on condition of anonymity.
Smoke billows from the BPCL refinery in Mumbai.(Vijayanand Gupta/HT Photo)
Smoke billows from the BPCL refinery in Mumbai.(Vijayanand Gupta/HT Photo)

BPCL refinery blast in Mumbai: Thousands of project-affected people fear for their safety

Hindustan Times | By Sagar Pillai, Mumbai
PUBLISHED ON AUG 09, 2018 12:35 AM IST
The BSE Sensex had lost 224.64 points in the previous two sessions.(Dhiraj Singh/Bloomberg)
The BSE Sensex had lost 224.64 points in the previous two sessions.(Dhiraj Singh/Bloomberg)

Sensex recovers over 196 points on sharp fall in crude prices, OMC stocks rally

Press Trust of India, Mumbai | By Press Trust of India
UPDATED ON JUL 17, 2018 04:05 PM IST
Market sentiment got a boost after crude oil prices in global markets dropped by over 4% on Monda owing to oversupply fears, helping the rupee to strengthen against the dollar, brokers said.
Aramco president & CEO Amin H Nasser, UAE minister of foreign affairs Abdullah bin Zayed Al Nahyan, petroleum and natural gas minister Dharmendra Pradhan and chairman of the board of directors of Abu Dhabi Ports Sultan Ahmed Al Jaber, pose for a photo after signing an MoU, in New Delhi on Monday.(PTI Photn)
Aramco president & CEO Amin H Nasser, UAE minister of foreign affairs Abdullah bin Zayed Al Nahyan, petroleum and natural gas minister Dharmendra Pradhan and chairman of the board of directors of Abu Dhabi Ports Sultan Ahmed Al Jaber, pose for a photo after signing an MoU, in New Delhi on Monday.(PTI Photn)

ADNOC joins Saudi Aramco to buy stake in $44 billion Ratanagiri refinery

Press Trust of India, New Delhi | By Press Trust of India
UPDATED ON JUN 25, 2018 03:45 PM IST
Aramco and ADNOC will together hold 50% stake in the 60 million-tonne-a-year Ratnagiri refinery and adjacent 18 million-tonne-petrochemical complex.
State highways will get toilets every 100 kilometres.(HT Photo)
State highways will get toilets every 100 kilometres.(HT Photo)

Maharashtra state highways to get 400 toilets

Hindustan Times | By Faisal Malik, Mumbai
UPDATED ON MAY 29, 2018 12:13 AM IST
The department has also received 40 proposals from three public sector oil companies.
People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India.(Reuters File Photo)
People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India.(Reuters File Photo)

Sensex logs modest gains as metals hit sweet spot

Press Trust of India, Mumbai | By Press Trust of India
UPDATED ON APR 19, 2018 05:48 PM IST
The NSE Nifty ended 0.37% higher at 10,565.30, while the benchmark BSE Sensex closed up 0.28% at 34,427.29.
Traders are cautious ahead of the earnings season beginning Friday with Infosys, and as the US Federal Reserve will release minutes of its 20-21 March meeting on Wednesday.(Reuters File Photo)
Traders are cautious ahead of the earnings season beginning Friday with Infosys, and as the US Federal Reserve will release minutes of its 20-21 March meeting on Wednesday.(Reuters File Photo)

Sensex, Nifty end higher for fifth day in volatile trade

Press Trust of India, Mumbai | By HT Correspondent
UPDATED ON APR 11, 2018 05:53 PM IST
Investors are focusing on key macroeconomic data, including retail inflation and industrial production numbers due on Thursday and corporate results starting Friday.
Fire brigade and IOC officials plugging gas leak in a container on a good train in Vasai on Wednesday.(Rahul Birhade)
Fire brigade and IOC officials plugging gas leak in a container on a good train in Vasai on Wednesday.(Rahul Birhade)

Gas leak detected on goods train transporting LPG at Mumbai’s Vasai station

Hindustan Times | By Ram Parmar, Mumbai
UPDATED ON MAR 28, 2018 04:26 PM IST
Mishap averted by alert guards; suburban rail network unaffected as train had pulled into a siding when leak was detected
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