Monday, March 01, 2021

Bharat Petroleum Corporation

Modi to visit Assam, West Bengal on Feb 7

NEW DELHI: Prime Minister Narendra Modi will be on a day's visit to poll-bound Assam and West Bengal on February 7 to lay the foundation stone for several infrastructure projects.

Strong recovery in oil and gas volumes likely in FY22: ICRA

MUMBAI: The domestic demand for petroleum products is expected to increase at a healthy rate of 8 to 10 per cent in FY22 on a year-on-year basis, ratings agency ICRA said in a report.

BPCL bids allowed electronically to prevent further delays

NEW DELHI:The Centre has allowed bidders of privatisation-bound PSU refiner Bharat Petroleum Corporation Ltd. (BPCL) to submit their interest for the company electronically through e-mail to prevent restrictions imposed due to Covid-19 from impacting the sell-off process.

Privatisation-bound BPCL postpones key expansion projects

NEW DELHI: Privatisation-bound PSU refiner Bharat Petroleum Corporation Ltd. (BPCL) has delayed expansion plans for its refinery projects, pending its share sell off programme that will see government completely exiting from the company and handing over its management to a strategic investor.

India now ranks 4th in renewable energy: Modi

NEW DELHI:Pointing out that India ranks fourth globally in terms of renewable energy, Prime Minister Narendra Modi has said that the country has increased its installed capacity in this sector by 2.5 times and the installed solar capacity by more than 13 times.

BPCL post privatisation to bear cooking gas subsidy

NEW DELHI:  Cooking gas customers may continue receiving subsidy into their bank accounts post privatisation of PSU oil refiner and retailer Bharat Petroleum Corporation Ltd (BPCL), with the government clarifying to potential investors that the present system would not be changed post the change of management in the company.

Govt mulls longer lock-in to protect jobs post BPCL privatisation

NEW DELHI:To make the strategic sale of Bharat Petroleum Corporation Ltd (BPCL) less painful to its employees, the government is looking at a plan to provide longer job security to them under the new management post privatisation of the company.

BPCL offers VRS to employees ahead of privatisation

NEW DELHI:Just a week ahead of the closure of bid submissions for Bharat Petroleum Corporation (BPCL) stake, the company has offered voluntary retirement to its employees.

Govt sure BPCL strategic sale to sail through without further extensions

NEW DELHI:Government is confident that the strategic sale of Bharat Petroleum Corporation Ltd (BPCL) may go through without any further need to extend the bidding deadlines.

22 new corona cases in CISF, total tally 95

NEW DELHI:A total of 22 new coronavirus cases were reported among CISF personnel in the last 24 hours, taking total such cases in the central force across the country to 95.
Maximum cases among infected CISF men were those deployed at the Indira Gandhi International (IGI) Airport and Delhi Metro Rail Corporation (DMRC).

Saudi Aramco still undecided on BPCL stake purchase

NEW DELHI:World's largest oil company Aramco is yet to make up its mind to participate in disinvestment of Indian fuel refiner and retailer Bharat Petroleum Corporation Ltd (BPCL) where government intends to sell its entire 53.29 per cent stake to a strategic investor.

Big push likely for PSU asset monetisation in Budget

NEW DELHI:  Governments asset monetisation programme involving development and sale of surplus land parcel and other non-core assets of public sector enterprises (PSEs) is expected to be big focus of Budget 2019-20 that is constrained to look at various innovative models to mobilise additional resources amidst a slowing economy.