BPCL

Wednesday, May 29, 2024 | Last Update : 06:23 PM IST

Bharat Petroleum bid submission deadline extended for second time

It was extended in view of further requests from interested bidders and the prevailing situation arising out of COVID-19, the ministry said

30 Jul 2020 9:50 AM

The official said the government is expecting national oil companies from the Middle East, such as Aramco of Saudi Arabia and ADNOC of UAE, to join the bidding for BPCL.

Russia's Rosneft keen to bid for BPCL

The government is selling all of its 53 per cent stake in BPCL in the country's biggest privatisation plan.

05 Feb 2020 1:04 PM

The stake sale will follow a two-stage process of first inviting expression of interest (EoI) from potential bidders who will after due diligence will be asked to submit price bids in the second part, officials said.

BPCL asset valuer asked to submit valuation of company in 50 days

Cabinet Committee on Economic Affairs had on Nov 20 given a go-ahead for sale of government's entire stake in BPCL.

24 Nov 2019 11:34 AM

The government currently holds 54.80 per cent in Concor and will retain 24 per cent stake post sell-off

BPCL, SCI shares hit 52-week high after privatisation move

Shares of Shipping Corp also rose 2.12 per cent to hit a one year high of Rs 69.80 in opening trade but later pared the gains.

21 Nov 2019 1:05 PM

India has set a target of raising 1.05 trillion rupees (USD 14.6 billion) through the sale of state stakes in companies by March 2020.

Govt to offload Bharat Petroleum in state stake sell-off

Govt owns 63.75 per cent of Shipping Corp and a stake of 53.29 per cent in India’s second biggest state refiner BPCL.

21 Nov 2019 11:03 AM

Finance Minister Nirmala Sitharaman. (Photo: File)

Govt to sell Air India, BPCL by March 2020: Sitharaman

In 2018, government put up 76 per cent stake of Air India for sale, which saw a lukewarm response by investors.

18 Nov 2019 12:40 PM

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 $75 million.

BPCL’s 2008 Mozambique deal under Government scanner

Videocon in 2013 sold the same stake to ONGC Videsh Ltd for $2.475 billion.

29 Oct 2019 1:22 AM

BPCL operates four refineries at Mumbai, Kochi in Kerala, Bina in Madhya Pradesh and Numaligarh in Assam with a combined capacity to convert 38.3 million tonnes of crude oil into fuel.

BPCL nationalisation act repealed in 2016; way clear for privatisation

BPCL at the close of market on October 4 had a market capitalisation of about Rs 1.11 lakh crore.

06 Oct 2019 1:44 PM

Govt plan to privatise BPCL needs Parliament nod

Even a 26 per cent stake sale at this valuation would fetch the government Rs 26,500.

29 Sep 2019 12:32 PM

A case of theft, cheating, criminal conspiracy, forgery and counterfeiting as per the IPC and the accused have been remanded to police custody till September 21 for further investigation.

3 tanker drivers held for BPCL oil adulteration

The police are on the lookout of one Akram Siddique, who is stated to be the kingpin of the racket that also operated in Gujarat and Madhya Pradesh.

18 Sep 2019 2:19 AM

The project is likely to be commissioned by 2022.

BPCL to invest Rs 1,500-1,700 cr in floating LNG terminal in AP

The company will hold 74 per cent interest in the project while the remaining 26 per cent will be with Petronet LNG Ltd.

26 Aug 2019 4:52 PM

After the Motera field was discovered in Ahmedabad, ONGC was wary of encroachment around the oil wells in a city that was developing into a megapolis. So it built a golf course around the wells to ward off encroachers, sources said.

Govt wants ONGC to sell golf course in Ahmedabad that has oil wells

The golf course identified by DIPAM has two producing oil wells, sources said.

14 Jul 2019 12:46 PM

BPCL and HPCL will take 25 per cent stake each in the Rs 9,000-cr project that involves laying of a pipeline from Kandla in Gujarat to Gorakhpur in Uttar Pradesh, the companies said in separate but almost identical regulatory filings.

BPCL, HPCL take 25 pc stake each in IOC's Rs 9,000-cr LPG pipeline project

IOC, which had in 2016 proposed laying of the pipeline, will hold the remaining 50 per cent stake.

04 Jun 2019 2:36 PM

The insurance cover has been underwritten by public sector non-life insurance companies.

BPCL’s insurance cost nearly doubles

The deductible/excess under loss of profit cover due to business interruption this year has increased to 45 days from 30 days in the last policy.

21 May 2019 2:42 AM

“The higher shareholder returns will put more pressure on the financial profiles of the companies, which have large investment plans for the next two years,” Fitch said. (Photo: File)

Fitch Ratings sees risks to OMCs as govt seeks more returns

Struggling to meet budget targets, the government had asked cash-rich PSUs to pay second interim dividend.

26 Apr 2019 2:26 PM

All four Indian state-owned refiners that buy Iranian oil are confident of securing additional barrels from other producers, said officials.

Indian refiners turn to OPEC, Mexico, US to make up Iran oil gap

Refiners have not yet placed orders for Iranian oil for May, when current waiver expires, pending clarity from US.

17 Apr 2019 4:55 PM

"The expansion in gas distribution networks is likely to increase gas consumption over the medium-to-long term, although industrial demand is likely to remain highly sensitive to prices," Fitch said.

City gas distribution rights to help oil marketing firms diversify: Fitch

IOC and HPCL won city gas distribution rights in nine geographical areas each last month, and BPCL got rights to two areas.

27 Mar 2019 7:08 PM

PNGRB has not yet given a final view on the issue.

PNGRB rejects HPCL review petition on ATF pipeline

HPCL may submit a comprehensive representation to the Board and appear for a hearing on April 5

24 Feb 2019 3:20 PM

The scrip of Indian Oil Corporation Ltd gained 5.54 per cent.

Shares of oil marketing cos jump up to 7.2 pc on easing crude prices

Brent crude prices fell 4.37 per cent, its biggest single-day fall in three months, to USD 76.24 barrel.

24 Oct 2018 6:26 PM

The Centre aims at creating two or three large entities with integrated operations across oil exploration, refining and marketing. (Photo: DC)

Govt plans to end anti-competitive, complex cross-holding in oil PSUs

Government divests its stake by taking the entire proceeds from sale of shares cross held by oil PSUs.

15 Oct 2018 8:46 AM

Finance ministry official expressed confidence that Indian economy stand to gain following US- China trade war.

Oil cos to absorb subsidy ‘one-time’

He said that the government expects the global crude oil prices to remain range bound and below $85 per barrel.

12 Oct 2018 12:42 AM

At present, CGD authorisation has been given by PNGRB for 92 GAs covering 124 districts spread over 23 States and UTs.

Adani, IOC, BPCL, Torrent big winners of city gas licences

Adani Gas won rights to retail CNG to automobiles and piped cooking gas to households and industries in 13 cities.

17 Sep 2018 1:53 PM

The Bharat Petroleum Corporation Limited (BPCL) on Tuesday said that it has no plans to absorb the rising fuel prices, adding that no communication has been received from the central government on the same.

No plans on absorbing fuel prices: BPCL

No communication has been received from the central government on the same.

12 Sep 2018 11:32 AM

Billionaire Gautam Adani's group has bagged licences to retail gas in 21 cities in the latest city gas distribution bid round that saw state-owned Bharat Petroleum Corp Ltd's unit and Torrent Gas emerging as the other big winners.

Adani walks away with gas rights for 21 cities; BPCL bags 11 cities

Adani Gas won rights to retail CNG to automobiles and piped cooking gas to households and industries in 13 cities on its own.

12 Aug 2018 3:09 PM

According to PNGRB, a total of 400 bids were received for the 86 permits on offer.

IOC, BPCL, Adani top bidders for city gas licences

The 9th bid round was being held on changed parameters after one paisa bids spoilt the initial auction rounds.

19 Jul 2018 2:36 PM

The battle over lucrative pipelines supplying jet fuel to Mumbai airport is hotting up with a powerful formation of Reliance Industries and private airlines Jet Airways and Emirates trying to break the stranglehold of PSU oil firms BPCL and HPCL. (Photo: PTI)

Reliance vs PSUs: Battle for pipelines to supply jet fuel in Mumbai hots up

Reliance, which produces a fourth of India's aviation turbine fuel, wants access to the pipelines.

15 Jul 2018 11:28 AM

As per the April agreement, Aramco is to supply half of the crude oil required for processing at the refinery that will be commissioned by 2025.

Abu Dhabi oil giant to pick up stake in Ratnagiri refinery project

Saudi Arabia was the biggest oil supplier to India till 2016-17, but slipped behind Iraq last fiscal.

12 May 2018 10:53 AM

BPCL was set up on January 1, 1970 as an import substitution unit for manufacturing sophisticated process pumps and compressors.

Govt invites EoI for strategic sale of Bharat Pumps

Government is eyeing Rs 80,000 crore through disinvestment in 2018-19.

17 Apr 2018 2:48 PM

Aramco will not stop discussing other opportunities because we see India as a priority destination for our investment and energy supplies,” he said.

Saudi Aramco picks up 50 per cent stake in refinery

The Saudi national oil company will supply half of the crude oil required for processing at the refinery, he said.

12 Apr 2018 2:06 AM

The Euro-VI grade fuel supplies in the national capital have been advanced from the April 1, 2020.

Oil PSUs to supply Euro-VI fuel in Delhi from April 1

IOC, BPCL and Hindustan Petroleum will supply the less polluting fuel at all their outlets.

31 Mar 2018 12:08 PM

Shares of IOC fell by 3.71 per cent to end at Rs 177.80.

BPCL, IOC shares fall up to 4 per cent on GAIL stake buy buzz

State-owned IOC and BPCL may buy 26 pc stake each in GAIL India Ltd, paying govt over Rs 20,000 crore each.

19 Mar 2018 6:02 PM

Deepak Hooda celebrates India-call up with an all-round show

The action in the tournament today moves to the Talegaon facility of the DY Patil College.

27 Feb 2018 12:50 AM

BPCL under next 5 year plan has set a target of Rs one lakh crore to be spent for all its expansion activities. (Representational image)

BPCL to venture into gas biz: CMD

BPCL clocked Rs 2.42 lakh crore revenue with a profit after tax at Rs 8,339 crore.

04 Aug 2017 12:40 PM

The merger is even more significant in this highly competitive business as it could prevent cartelisation by private sector players in case it should happen in the future.

Merging to gain muscle

It is not impossible considering that the Narendra Modi government invariable always does what it says.

23 Jul 2017 12:06 AM

Bharat Petroleum Corp has made its first purchase of US oil, buying high sulphur crudes Mars and Poseidon.

BPCL buys US oil for first time; purchases Mars, Poseidon

BPCL is the second Indian refiner to buy US Gulf crude after Prime Minister Narendra Modi's visit to Washington in June.

17 Jul 2017 9:55 AM

BPCL's unusual move to seek petrol came at a time when India's top refiner Indian Oil Corp plans extensive maintenance work at its key refineries. (Representational Image)

BPCL seeks 70,000 tonnes petrol to plug supply gap

BPCL will shut a 100,000-barrel-per-day (bpd) crude unit for a month from July 29.

21 Jun 2017 3:22 PM

BPCL cancels Lalu son petrol station licence

The action was taken after Tej Pratap Yadav failed to convince the oil company regarding the ownership of the land where the petrol pump is located.

18 Jun 2017 1:38 AM

Prices of petrol and diesel will change everyday now.

What consumers need to know about daily price change

Prices of petrol, diesel will change every morning at 6 am and will be valid till 6 am of next morning.

16 Jun 2017 12:07 PM

IOC, BPCL, HPCL to set up $30 billion refinery

Fifteen million tonnes a year is the biggest refinery any public sector unit has set up in one stage.

15 Jun 2017 9:06 AM

IOC said customers may verify fuel prices by downloading the company app or visiting its website.

Petrol, diesel prices to be revised daily from today

Daily price change will remove the big leaps in rates that need to be effected at the end of the fortnight.

01 May 2017 11:35 AM

Heavy rush at a petrol pumps. (Photo: PTI)

First five cities chosen for daily petrol, diesel price change

State refiners currently revise fuel prices every fortnight to reflect volatility in currency and global oil markets.

12 Apr 2017 3:48 PM

A pilot for daily revision of petrol and diesel price will be first implemented in Puducherry, Vizag in Andhra Pradesh, Udaipur in Rajasthan, Jamshedpur in Jharkhand and Chandigarh. (Photo: PTI/File)

Petrol, diesel prices to change every day from May 1

Daily price change will remove the big leaps in rates that need to be effected at the end of the fortnight.

12 Apr 2017 2:15 PM

Heads of prominent oil manufacturing firms in the country such as HPCL, IOC and BPCL have agreed to the scheme and issued circulars to dealers about it. (Representational image)

Centre to face fuel dealers’ ire

The targeted dealer will be under the scanner of the oil company and three months after the first review.

27 Feb 2017 6:44 AM

Indian Oil Corp (IOC) bagged three fields, the same number as new entrant PFH Oil and Gas Pvt Ltd got.

Oil firms corner small fields in first auction

Oil fields went to smaller firms like Megha Engineering & Infrastructure,, Enquest Drilling and Nippon Power.

16 Feb 2017 4:59 PM

Oil and gas is major contributor to country's energy needs.

State-owned OMCs to be merged into one entity

Decision would come in backdrop of country struggling to raise local oil production and imports about 80 percent of its oil.

02 Feb 2017 12:14 PM

The transport industry involved in LPG products has been badly affected by demonetisation.

Cash crunch: Be ready for LPG cylinder shortage

Western India Bulk LPG Transport Association, even banks have not been able to provide sufficient liquidity to help sustain the industry.

04 Dec 2016 6:50 AM

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