BPCL disinvestment: Govt's privatisation plan on the backburner as bidders walkout
Business | May 19, 2022 10:51 ISTThe government had planned to sell its entire 52.98 per cent stake in Bharat Petroleum Corporation Ltd.
The government had planned to sell its entire 52.98 per cent stake in Bharat Petroleum Corporation Ltd.
In the past several weeks, the prices of crude oil in the international market had reached up to $140 per barrel, most recently last week. Though it fell down to $110 again but it's still way more than $80 per barrel earlier, causing losses to public sector companies as the government is not allowing petrol, diesel prices to rise for over 120 days now, says Dr. Sudhir Bisht, International crude oil expert.
BPCL dividend News, BPCL dividend date: BPCL dividend ex date is September 16. BPCL AGM 2021 will take place on September 27.
BPCL is selling its entire shareholding of 61.65 per cent in NRL to the consortium as part of its sell-off process that mandated separation of the Assam-based refinery before the strategic sale.
The government has said that adequate interest has been received for the strategic disinvestment of public sector refiner Bharat Petroleum Corporation Ltd (BPCL) with several suitors submitting expressions of interest (EoI).
The Bokaro LPG bottling of Bharat Petroleum Corporation Limited (BPCL) will be commissioned in December this year. The Bokaro plant will be the first state of art LPG bottling plant in Jharkhand and will have a capacity of over four million cylinders annually.
Shares of oil and gas companies declined up to 15 per cent on Thursday with BPCL taking the biggest hit, as oil prices dropped nearly 6 per cent in global markets.
In another Public sector companies disinvestment drive, the government on Saturday invited bids to sell its entire 52.98 percent stake in India's second-biggest oil refiner Bharat Petroleum Corp Ltd (BPCL).
BPCL Recruitment 2019: The Bharat Petroleum Corporation Limited (BPCL) will end the application process for the recruitment process for General Workman-B Trainee and Chemist Trainee posts tomorrow. Apply now on the official website bharatpetroleum.com.
Mumbai: Bharat Petroleum Corporation Limited (BPCL) has said there is no question of shelving its ambitious plan of foraying into niche petrochemicals with the Rs. 5,000-crore Kochi petrochemicals project, though its joint venture with Korean
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