Monday, October 25, 2021
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BPCL to digitally transform sales, distribution network with Accenture

Driven by analytics based on AI and machine learning technologies, the IRIS platform will subsequently trigger automated alerts and actions, including rapid response to equipment failures or hazardous situations.

Review oil import contracts with Saudi: India tells refiners

Govt has told IOC, BPCL and HPCL to look for oil supplies from outside the Middle East region and use collective bargaining power to get favourable terms

LIC IPO to bring in Rs 1 lakh crore: Chief Economic Adviser

On the long-term growth story of India, he said the economy is expected to record double digit growth next financial year.

BPCL exits Numaligarh Refinery ahead of privatisation

Engineers India Limited (EIL) which is also a party to the deal, has independently acquired over 3.21 crore equity shares or 4.4 per cent of NRL from BPCL.

PSU oil cos expanded retail operations during pandemic

The private sector on the other hand remained mute on their marketing initiatives adding a mere 376 fuel outlets

Shares of oil marketing cos plunge, BPCL down 5%

Hindustan Petroleum Corporation's (HPCL) shares were trading at Rs 234.60, lower by 3.62 per cent from its previous close.

Consolidation in public sector oil firms may be back on table in FY22

Petroleum had been included in the strategic sector as it ensures energy security for the country.

BPCL, Air India stake sale by Sept; LIC IPO post Oct: DIPAM Secy

Targeting to raise Rs 1.75 lakh crore from the asset sale to finance projects aimed at reviving the pandemic battered economy, the government is also looking to sell Shipping Corp of India (SCI), IDBI Bank Ltd

Govt extends bid deadline for Pawan Hans by a month to Feb 18

In 2019, a second attempt was made to sell Pawan Hans but the sale process failed to receive investor response.

Early inclusion of natural gas into GST fold likely

Though the dates for next GST Council meeting is yet to be finalised, finance minister sources said its due and may take place anytime after the budget presentation.

Centre choking PSUs to death, says Harish Rao

BJP, which had promised one crore jobs every year after coming to power, was implementing a disinvestment plan privatising several public sector giants, said Finance Minister

TRS will stand with PSU employees: KCR

Slams Modi govt for weakening PSUs through disinvestments to hand them over to corporates

PSUs may be roped in if BPCL sale does not get desired valuations

Even with multiple suitors, the interest level for BPCL remains low in current subdued market conditions

Oil regulator gives more time to complete projects

PNGRB issued an order granting more time to 41 city gas entities to complete their rollout commitment

Privatisation-bound BPCL postpones key expansion projects

BPCL has plans to expand its Bina refinery and take efficiency improvement measures at Mumbai refinery. But investment decisions on both the projects are now left for the new owners in the company

Bharat Petroleum Corp Limited Q2 profit jumps 58%

We had excellent results both physical and financial. First-quarter refinery performance was dismal due to Covid-19 lockdown. Our strategy of buying crude oil prices at low prices in May and June

Fino Payments Bank to add 300 more points at BPCL outlets in TN

Recharging the Bharat Petroleum (BPCL) SmartFleet cards that are used to pay for fuel has been a challenge to truck drivers for quite some time and in order to ease this discomfort, Fino with BPCL has started such facilities, its State head, Dhanasekaran said.

Govt hopeful BPCL strategic sale to sail through without further extensions

BPCL disinvestment has received interest from several large global oil and gas companies and a few Indian entities as well.

Volumes of oil firms to fall 15% in FY21

India's fuel demand recovered sharply in June from April before slowing due to the reimposition of restrictions in certain cities because of coronavirus and flooding in some regions

Govt extends BPCL bid deadline to Nov 16

Company's market capitalisation is at Rs 78,300 crore, with government's 52.98% stake worth over Rs 41,436 crore

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