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companies name

Bharat Petroleum Corporation Limited (BPCL)

Bharat Petroleum Corporation Limited (BPCL) is a government-controlled oil and gas company headquartered in Mumbai, Maharashtra. It is a Maharatna PSU under the Ministry of Petroleum & Natural Gas (MoPNG). The corporation operates two large refineries of the country located in Kochi and Mumbai. The company is India's 2nd largest downstream oil company and is ranked 275th on the Fortune list of the world's biggest corporations as of 2019. BPCL ranked 672 in the Forbes 2018 list.

The company today known as BPCL started off as Rangoon Oil and Exploration company set up to explore the new discoveries off Assam and Burma during the British colonial rule of India. In 1889 during vast industrial development, an important player in the South Asian market was the Burmah Oil Company. Though incorporated in Scotland in 1886, the company grew out of the enterprises of the Chef Rohit Oil Company, which had been formed in 1871 to refine crude oil produced from primitive hand dug wells in Upper Burma.

Bharat Petroleum Corporation Limited (BPCL) News

BPCL collaborates with CSIR-IICT to produce compressed Bio Gas

BPCL has collaborated with CSIR-IICT to develop innovative Bio-reactor design to maximize Bio-Methane production for compressed Bio-gas (CBG)....

PM Modi inaugurates BPCL’s Bina-Panki 3.45-MMTPA multi-product pipeline in UP

Prime Minister Narendra Modi has inaugurated BPCL’s multi-product pipeline from Bina Refinery (MP) to POL Terminal at Panki, Kanpur (UP)....

BPCL signs MoU with SECI, to set up 10 GW of RE capacity by 2040

BPCL has signed a memorandum of understanding (MoU) with SECI to put together a renewable energy (RE) portfolio of 10 GW by 2040....

BPCL wins Golden Peacock Eco-Innovation Award 2021 for Bharat GSR CAT Product

Bharat Petroleum Corp Ltd’s breakthrough product ‘Bharat GSR CAT Product’ has received the Golden Peacock Eco-Innovation Award 2021 (GPEIA) by the Institute of Directors....

Oil PSUs spent Rs 5,582.34 crore under CSR, Rameswar Teli tells House

Public Sector Undertakings (PSUs) that come under the Ministry of Petroleum & Natural Gas (MoPNG) have spent Rs 5,582.34 crore under CSR during the last three years....

BPCL collaborates with BARC for green hydrogen production

This is a first of its kind initiative to support the country's commitment to achieve renewable energy targets and reduce greenhouse gas emissions....

Ajith Kumar takes over as Head of BPCL's Kochi Refinery

Ajith Kumar, who was serving as Chief General Manager of BPCL's Kochi Refinery, has taken over as Head of the Refinery....

IOC, HPCL, BPCL to benchmark standards, rate retail outlets after strict evaluation

Indian Oil, BPCL and HPCL have announced the launch of the Model Retail Outlet Scheme and a Digital Customer Feedback Programme, called Darpan@petrolpump....

BPCL bets big on EV charging infra, to offer charging facilities at 7,000 petrol pumps

Over the next few years, we are aiming at reaching the count of 7,000 stations to support the growing EV industry, said BPCL CMD Arun Kumar Singh....

BPCL expects refinery throughput to get back to pre-pandemic levels by Q4 FY22: Director (Finance)

India’s second largest oil refiner Bharat Petroleum Corporation Ltd (BPCL) expects its refinery throughput to get back to pre-pandemic levels by Q4 FY22, said a top official....

BPCL plans to raise Rs 3,000 cr through NCDs in FY22

Disinvestment-bound Bharat Petroleum Corporation Ltd (BPCL) is planning to raise Rs 3,000 crore during the current financial year....

BPCL pays govt a total dividend of Rs 6,665 crore for FY21

Privatisation-bound oil PSU Bharat Petroleum Corporation Ltd (BPCL) has paid a final dividend of Rs 6,665 crore to the government, DIPAM secretary tweeted Wednesday....

RSS-affiliated BMS to hold nationwide protests against PSU privatisation on Oct 28

The BMS, an affiliate of RSS, is set to hold nationwide protests on October 28 to demand a stop to the Centre’s policies of disinvestment and privatisation of PSUs....

Sanjay Khanna going to be next Director (Refineries) of BPCL

Sanjay Khanna, who is currently serving as Executive Director, has been recommended for the post of Director (Refineries) of Bharat Petroleum Corporation Limited (BPCL)....

PSU, private oil refiners may come together to seek cheaper crude oil import deals

India is considering forming a group of PSU and private oil refiners to seek better crude oil import deals, Petroleum Secretary Tarun Kapoor has said....

BPCL organises biofuel exhibition in Pune

Bharat Petroleum Corporation Limited (BPCL) has organised an exhibition on the biofuels industry to showcase the technological advancement in the field and display initiatives....

Innovation: BPCL launches automated fuelling technology 'UFill'

BPCL has launched an automated fuelling technology for customers in which customers have complete control over time, technology and transparency as part of their fueling experience....

Govt appoints Gudey Srinivas (IAS) as Government Nominee Director of BPCL

Ministry of Consumer Affairs, Food & Public Distribution's Additional Secretary and Financial Advisor Gudey Srinivas (IAS) has been appointed as Government Nominee Director of BPCL....

BPCL invites job applications for Director (Marketing) post; apply before Dec 6

Bharat Petroleum Corporation Limited (BPCL) has invited job applications for the engagement for Director (Marketing). Eligible and interested candidates can apply for the job before December 6....

Ethanol blending: Govt doubles incentive on sugar diverted for ethanol production

To encourage sugar mills to divert excess sugar for the production of ethanol, the government has announced the doubling of incentive on sugar sacrificed for producing ethanol....

BPCL unveils Rs 1-lakh-crore investment plan to prep for a ‘green’ future

BPCL has plans to invest over Rs 1 lakh crore over the next five years on clean fuel, raising its petrochemical production capacity, gas business, and augmenting marketing infrastructure....

EoI process for long-term ethanol supply to OMCs receives overwhelming response

The first Expression of Interest (EoI) for signing long-term agreement with upcoming dedicated ethanol plants for supply of ethanol has received an overwhelming response....

Arun Kumar Singh assumes charge as CMD of BPCL

Arun Kumar Singh, who was serving as Director (Marketing) of BPCL, has assumed charge as Chairman & Managing Director (CMD) of the company....

ACC appoints S Ramesh as Managing Director of BPRL

The Appointments Committee of the Cabinet (ACC) has approved the appointment of S Ramesh as Managing Director (MD) of Bharat Petro Resources Limited (BPRL)....

Govt clears appointment of V Ramakrishna Gupta as Director (Finance) of BPCL

The Appointments Committee of the Cabinet (ACC) has approved the appointment of V Ramakrishna Gupta as Director (Finance) of Bharat Petroleum Corp Ltd (BPCL)....

Govt announces appointment of Arun Kumar Singh as CMD of BPCL

The Appointments Committee of the Cabinet (ACC) has approved the appointment of Arun Kumar Singh as CMD of Bharat Petroleum Corporation Limited (BPCL)....

BPCL wins Golden Peacock Award 2021 for innovative outcome & sustainability

BPCL has received the prestigious Golden Peacock Innovative Product/Service Award 2021, for its excellent contribution towards innovative outcomes and sustainability....

BPCL unions withdraw 5-day strike as govt refers LTS dispute to CGIT

Trade unions at disinvestment-bound BPCL have decided to withdraw the five-day strike, which was supposed to begin from Friday....

BPCL Urja: A chatbot enhancing digital experience of customers

With the objective of making BPCL’s customer interface comprehensive & integrated digitally, Urja, the Chatbot is now available on the company website for any queries....

No decision on stake sale in Petronet LNG, Indraprastha Gas: BPCL CFO

BPCL has not taken any decision so far on the sale of its stake in Petronet LNG and Indraprastha Gas, Chief Financial Officer (CFO) VRK Gupta said....

BPCL Q1FY22 Result: Standalone net profit drops 27% q-o-q, consolidated net up 31%

Bharat Petroleum Corporation has reported a consolidated net profit of Rs 2,872.77 crore in Q1FY22 against Rs 2,187.74 in the comparable previous quarter, while a 27.6 percent drop in net profit at Rs 1,501.65 crore on a standalone basis....

PM Modi to launch Ujjwala 2.0 from Mahoba, Uttar Pradesh

Similar to the launch of Ujjwala 1.0 in 2016 ahead of the Uttar Pradesh election from Balia (UP), PM Modi is going to launch Ujjwala 2.0 from Mahoba, Uttar Pradesh on August 10....

India’s refining capacity: OMCs to invest Rs 2 lakh cr by 2025 on expansion

Public sector oil marketing companies (OMCs) have plans to invest Rs 2 lakh crore on expanding India’s oil refining capacity by around 20 percent by 2025....

BPCL appoints V Ramakrishna Gupta as its Chief Financial Officer (CFO)

Bharat Petroleum Corporation Limited (BPCL) has appointed V Ramkrishana Gupta as Chief Financial Officer (CFO) of the company....

Kerala HC defers implementation of PRMBS order at BPCL by 2 months

The Kerala HC has admitted a writ petition challenging the BPCL management’s decision to exclude employees with less than 15 years of service from PRMBS....

BPCL pays Rs 2,399 cr to OQ, completes stake acquisition in Bharat Oman Refineries

Disinvestment-bound BPCL has paid Rs 2,399.26 crore to OQ for the purchase of their entire stake in Bharat Oman Refineries Ltd ....

BPCL begins doorstep delivery of diesel in Haryana

Bharat Petroleum Corporation Ltd (BPCL) has started doorstep delivery of diesel in Haryana for customers seeking fuel even as low as 20 litres ....

BPCL trims PRMBS beneficiary employees’ list; unions demand withdrawal of decision

BPCL’s decision to exclude employees with less than 15 years of service from PRMBS has been met with stiff opposition from four trade unions at the oil PSU ....

BPCL's Shraddha S Jaitly set to be next Director (Finance) of BPRL

Shraddha S Jaitly, who is currently serving as General Manager in the Bharat Petroleum Corporation Limited (BPRL), has been recommended for the post of Director (Finance)) of Bharat Petro Resources Limited (BPRL) ....

Petrol prices touch Rs 102.58/litre in Mumbai, Rs 104.59/litre in Bhopal

As another hike was rolled out by oil marketing companies (OMCs) on Monday, petrol prices reached Rs 102.58 per litre and diesel touched Rs 94.70 per litre in Mumbai ....

Dharmendra Pradhan inaugurates 200 oxygenated bed COVID Hospital at BPCL’s Bina refinery

Petroleum Minister Dharmendra Pradhan and Chief Minister of Madhya Pradesh Shivraj Singh Chouhan have inaugurated a temporary COVID Hospital near BPCL’s Bina refinery ....

LPG Cylinder Portability: Now choose the LPG cylinder distributor you want

Ministry of Petroleum & Natural Gas soon going to allow LPG Cylinder Booking Portability in India. In a first, the scheme will be run as a pilot project in select cities ....

PM launches E-100 project in Pune to set up network for production, distribution of ethanol

Prime Minister Narendra Modi has launched an ambitious ethanol E-100 pilot project in Pune on Saturday to mark the World Environment Day ....

Govt advances ethanol blending target; OMCs to sell 20% blended petrol from April 2023

Advancing the target for achieving 20 percent ethanol blending by two years, the govt has said that all oil companies will sell ethanol-blended petrol starting April 1, 2023 ....

V Ramakrishna Gupta set to be next Director (Finance) of BPCL

V Ramakrishna Gupta, who is currently serving as Chief General Manager of BPCL, has been recommended for the post of Director (Finance) of the company ....

SATAT scheme: Oil, gas PSUs sign cooperation pact to develop CBG marketing network

State-run oil and gas majorshave signed a cooperation agreement on Tuesday to develop a strong marketing network for selling CBG under the SATAT scheme ....

Fuel prices: Petrol in Mumbai costs twice as much as in New York

Breaching the Rs 100-a-litre mark for the first time ever, petrol prices in Mumbai are among the costliest in the country and twice as much as in New York, said a report ....

Power Grid helps restoring power supply to Diu after cyclone Tauktae

Power Grid has restored 220 kV Timbdi-Dhokadva and Savarkundla-Dhokadva Transmission Lines feeding power to Diu following extensive damage due to Taukte cyclone ....

BPCL disinvestment: Govt mulling amendment in FDI policy, say sources

DIPAM has proposed an amendment in FDI policy in order to allow foreign investors to pick up more than 49 percent share in disinvestment-bound BPCL, said sources ....

BPCL could resume normal purchase of Iranian crude oil, if Iran offers concessions

BPCL has said that it could resume normal purchase of Iranian crude oil if the OPEC country offers concessions to make its crude oil attractive in comparison to rival grades ....

BPCL has no intention to pare its stake in Petronet LNG or IGL: Director Finance

BPCL has no intention to pare its stake in Indraprastha Gas Ltd (IGL) or Petronet LNG Ltd (PLL), said Director (Finance) N Vijayagopal ....

BPCL's S Ramesh set to be next Managing Director of Bharat Petro Resources Ltd

S Ramesh, who is currently serving as General Manager BPCL has been recommended by PESB for the post of Managing Director of Bharat Petro Resources Ltd (BPRL) ....

BPCL dividend 2021: BPCL posts highest-ever net profit, declares dividend of Rs 58 per share

Disinvestment-bound BPCL has posted its highest-ever net profit of Rs 19,041.67 crore in FY21, which marks an over seven-fold rise when compared to FY20 ....

Cyclone Yaas: Here is Oil & Gas industry's action plan to mitigate the impact

Oil & Gas industry is gearing up to mitigate the impact of cyclone Yaas which is now likely to make landfall at north Odisha - West Bengal coast between Paradip and Sagar Island on Wednesday evening ....

Mega make-shift: BPCL turns Kochi Refinery's school into 100-bed COVID centre

The medical facility at BPCL's Kochi Refinery will have 100 beds in the first phase, which will be later expanded to accommodate 1,500 beds, in the same premises ....

PESB picks Arun Kumar Singh to steer BPCL through disinvestment as its CMD

Arun Kumar Singh has been recommended for the post of Chairman & Managing Director (CMD) of BPCL by the Public Enterprises Selection Board (PESB) panel on Monday ....

Oil & Gas PSUs will spend about Rs 100 cr for redevelopment of Badrinath Dham

Oil & Gas PSUs namely Indian Oil, BPCL, HPCL, ONGC & GAIL have signed MoUs with Shri Badrinath Utthan Charitable Trust for the construction and redevelopment of Shri Badrinath Dham as a spiritual smart hill town ....

PNGRB extends bid submission date for JNPT-Navi Mumbai ATF pipeline for 2nd time

The PNGRB has extended the deadline for the submission of bids for the development of an ATF pipeline from JNPT to Navi Mumbai Airport for a second time ....

ONGC, HPCL setting up 20 oxygen plants, BPCL supplying over 400 MT/month of oxygen

ONGC, HPCL have been tasked with setting up oxygen generation plants at 10 hospitals each across 7 states; BPCL is supplying over 400 MT/month of oxygen from refineries ....

COVID: Bidders seek extensions in deadlines, BPCL, Air India disinvestment likely to get delayed

The Centre’s disinvestment plans for Air India and BPCL are likely to get delayed in the wake of the second wave of COVID-19 infections in India ....

Palma attack: Total suspends work on Mozambique LNG project, declares force majeure

Total has suspended work on the massive US $20 billion LNG project in Mozambique in the wake of Palma attack and has offered no comment so far on whether work will be resumed and when ....

COVID-19: IOC, BPCL refineries divert oxygen, gear up to ramp up supplies to hospitals

State-run fuel retailers have maximised the production of Oxygen by reducing their own demand and are planning to ramp up supplies further for COVID-19 hospitals ....

COVID-19: Govt summons oil PSUs into service, asks them to set up oxygen plants in hospitals

The government has summoned its oil PSUs into service and has asked them to set up medical oxygen plants in hospitals across 93 locations in India ....

BPCL flags off first parcel of Normal Butanol from Kochi Refinery petrochemical complex

BPCL has flagged off Normal Butanol, the first parcel produced in the new Propylene Derivatives Petrochemical Complex at Kochi Refinery ....

ONGC misses capex target; OIL, IOC, HPCL, BPCL exceed budgeted spending for FY21

ONGC missed its capex target for FY21 by one-fifth, while other downstream oil and gas companies, IOC, HPCL and BPCL exceeded the targeted spending ....

Bharat Petroleum to supply 100MT medical grade oxygen to hospitals

BPCL has started the supply of 100 metric tonnes of Oxygen to various hospitals in view of shortage of the same for critical patients of COVID-19 ....

Azadi Ka Amrut Mahotsav: BPCL conducts a webinar on bio-fuels

To commemorate the monumental occasion, Azadi Ka Amrut Mahotsav was launched by the Prime Minister Narendra Modi on March 12, 2021, to honour 91 years of Dandi March ....

Oil & gas PSUs to set up 7-8 Green Hydrogen pilot plants by 2021-end: Petroleum Secretary

The Petroleum Ministry has asked its oil and gas PSUs to set up seven to eight Green Hydrogen pilot plants by the end of 2021, said Secretary Tarun Kapoor ....

BPCL dispatches 1st consignment of Acrylic Acid from its petrochemical plant at Kochi

BPCL has dispatched the first consignment of Acrylic Acid from the company’s Propylene Derivative Petrochemical (PDP) complex at Kochi Refinery ....

Accenture to help BPCL make a big digital leap. Here’s how

An AI-powered digital nerve centre, called IRIS, will be built and designed by Accenture to increase BPCL’s operational efficiency, service quality for its customers ....

Indian refiners IOC, HPCL, BPCL to cut crude oil import from Saudi by 36%

In the backdrop of an escalation in tension between India & Saudi Arabia, refiners IOC, HPCL and BPCL have decided to cut crude oil import from Saudi by 36% ....

BPCL is looking to hire Director (HR); apply before June 15

Bharat Petroleum Corporation Limited (BPCL) has released a job notification through the PESB portal for the engagement of Director (HR). Eligible and interested candidates can apply for the job before June 15 ....

BPCL acquires OQ’s full stake in Bharat Oman Refineries Limited (BORL) for Rs 2,400 cr

BPCL has signed a Sale Purchase Agreement (SPA) with OQ for the purchase of their entire stake in Bharat Oman Refineries Company Ltd (BORL) ....

NRL disinvestment complete as OIL, EIL, Assam govt acquire BPCL’s shares

A consortium of state-run OIL, EIL and the Assam government have completed the acquisition of BPCL’s shares in NRL ....

BPCL bags FICCI award for sustainability in the petrochemical sector

BPCL has won award for ‘Petroleum Sludge Valorisation’ process under the category ‘Sustainability award for the best green process in the petrochemical sector’ ....

BPCL disinvestment has progressed, but there’s little clarity on several issues: Fitch Ratings

Fitch Ratings has said that there is more visibility on the progress of BPCL disinvestment, but there are still questions that require further clarity ....

India’s overall LPG coverage crosses 99%, say OMCs

The penetration of LPG in India has improved from 55 percent in 2014 to more than 99 percent as on March 10, said state-run Indian Oil and BPCL ....

PNGRB extends bid submission deadline for JNPT-Navi Mumbai ATF pipeline

The PNGRB has extended the deadline for the submission of bids for the development of an ATF pipeline from JNPT to Navi Mumbai International Airport ....

BPCL Board approves disinvestment of 61.65% stake in NRL for Rs 9,875 cr

The Board of Directors of disinvestment-bound BPCL has approved the sale of its entire shareholding of 61.65 percent in NRL for Rs 9,875 crore ....

After 3-day hiatus, petrol, diesel prices rise again. Here are the new rates

After a three-day hiatus, petrol and diesel prices in the country again scaled unprecedented heights on Saturday as retail prices rose by 24 paise for petrol and 15 paise for diesel ....

LPG cylinder prices hiked by Rs 25, one cylinder to cost Rs 794 in Delhi

In a price notification, state-run oil marketing companies (OMCs) have conveyed that cooking gas LPG price has been hiked by Rs 25 per cylinder across categories ....

Disinvestment: OIL, EIL consortium to jointly bid for acquisition of BPCL’s stake in NRL

A consortium of OIL and EIL will bid jointly for acquiring Bharat Petroleum Corporation Limited’s (BPCL) 61.65 percent stake in Numaligarh Refinery Ltd (NRL) ....

BPCL workers protest with ‘Go Back Modi’ placards in Kochi as PM inaugurates key projects

BPCL workers affiliated to five trade unions boycotted the inauguration ceremony and took out a protest march while raising slogans of ‘Modi go back’ ....

Disinvestment: BPCL finalises Oman Oil stake acquisition in Bina Refinery for Rs 2,400 cr

BPCL has finalised the commercial terms for the purchase of Oman Oil Company’s share in Bina Refinery for Rs 2,399.26 crore (Rs 27 per equity share) ....

BPCL to complete NRL disinvestment by March-end in FY21: Director Finance

Along with NRL disinvestment, BPCL will also buy out Oman Oil Company’s stake in Bina refinery project in the next 10 days, said BPCL Director (Finance) N Vijayagopal ....

BPCL Q3: Net profit zooms 120%; domestic sale at pre-Covid levels

BPCL has reported robust growth in earnings in Q3 of FY21 as it posted a growth of 120.3 percent in net profit ....

BPCL wins 11 awards at PRSI National Awards 2020

BPCL has been recognised with 11 awards by PRSI for business excellence and innovative approach in ‘PRSI National Awards 2020’ ....

BPCL bags 4 awards at FIPI Oil & Gas Awards 2020

FIPI Oil and Gas Awards recognise the leaders, innovators and pioneers in the oil and gas industry, with an objective to celebrate the industry’s most outstanding achievements ....

PCRA launches month long 'Saksham', click to know the details

Apart from launching a month-long campaign 'Saksham', a memorandum of understanding (MoU) has also been signed between PCRA and EESL for the promotion of an energy-efficient PNG stove ....

Disinvestment: NRL MD urges Pradhan to expedite NRL separation from BPCL: Sources

NRL MD SK Barua is said to have approached Petroleum Minister Dharmendra Pradhan and has urged him to expedite the separation of NRL from BPCL, said sources ....

Govt mulling proposal to develop free market for domestic crude oil

The Centre is considering a proposal to abandon the current practice of allocating domestic crude oil to refineries, which would help develop a free market for crude oil ....

PNGRB releases draft technical, safety standards for oil refineries, gas processing plants

PNGRB has released draft technical standards and safety specifications for refineries and gas processing plants, and has sought comments from stakeholders within 30 days ....

BPCL Board of Directors approves merger of BGRL with itself

The Board of Directors at state-run BPCL has given its ‘in principle’ approval to the merger of Bharat Gas Resources Ltd (BGRL) with itself ....

Vedanta on the lookout for a partner to jointly bid for BPCL, say sources

Anil Agarwal-led Vedanta is keen to bring equity partners on board to jointly bid for BPCL and has begun discussions in this regard, said sources ....

To vet three EoIs BPCL bid evaluation committee to meet today

The high-powered BPCL bid evaluation committee meets Tuesday to see transaction advisor Deloitte's report on the scrutiny of the three bids that were received at the close of bidding last month ....

IOC wins Swachhta Pakhwada award, while HPCL bags Swacchata hi Sewa award from MoPNG

IOC was given the Swachhta Pakhwada award, while HPCL was felicitated with the Swacchata hi Sewa award by the Ministry of Petroleum and Natural Gas ....

BPCL is looking to hire Director (Finance); click to know more

Bharat Petroleum Corporation Limited (BPCL) has invited job applications from the eligible candidates for the engagement of Director (Finance). Last date to apply is January 8, 2021 ....

These PSUs made it to Fortune 500 list 2020 of Indian companies

Indian Oil has been ranked no 2 in the Fortune 500 list 2020 of Indian companies followed by Oil & Natural Gas Corporation (ONGC), State Bank of India (SBI), and BPCL (Bharat Petroleum) in the top ten list ....

Govt has received 3 EoIs for BPCL; committed to disinvesting shares in PSUs: Pradhan

The Centre has received three EoIs from potential investors for buying out its stake in state-run BPCL, Dharmendra Pradhan has said ....

Govt releases new policy, mandates oil & gas PSUs to ensure 50-20% local content in procurement

The government has mandated oil and gas PSUs to ensure 50-20 percent local content (LC) in the procurements made by them ....

BPCL wins 'Excellence in crisis' award for its effort during COVID-19

Bharat Petroleum Corp. Ltd. received three awards under “Excellence in crisis” for demonstrating leadership, stability and positive stakeholder value during the pandemic ....

Disinvestment: PSUs will not be allowed to bid for BPCL

DIPAM Secretary has said categorically that EoI was invited from the private sector only and therefore, public sector companies will not be allowed to bid for BPCL ....

Vedanta, 2 international funds submit EoIs to acquire BPCL

In a statement released on Twitter, the DIPAM Secretary debunked media reports that had claimed that the govt may ask IOC, ONGC to buy BPCL ....

Govt receives multiple EoIs, no extension in BPCL sale deadline, say sources

DIPAM Secretary said that multiple EoIs have been received by the transaction adviser for BPCL sale and the process will now move to the second stage after evaluation ....

Oil PSUs have spent only a third of their capex in H1 of FY21: Ministry data

State-run OMCs have spent nearly a third of their capex target for the current financial year, with ONGC Videsh being the fastest and Indian Oil being the slowest ....

BPCL posts 58% jump in net profit, 12% dip in revenue in Q2 FY21

Disinvestment-bound oil marketing company BPCL has recorded a 58% jump in consolidated net profit at Rs 2,589.52 crore in Q2 ....

BPCL launches a fully synthetic engine oil for two-wheelers

Bharat Petroleum Corporation Limited (BPCL) has launched 'MAK 4T Blaze Synth' - a fully synthetic engine oil for two-wheelers in Delhi & NCR Region ....

BPCL bid submission deadline will not be extended for a 5th time: DIPAM Secretary

DIPAM Secretary Tuhin Kanta Pandey has said that the bid submission deadline for BPCL will not be extended for a fifth time ....

BPCL unions move HC against management decision to exclude litigants from ESPS

The unions have sought a direction from the court for the management to drop the clause in the ESPS that excludes litigants against privatisation of BPCL ....

Data shows oil PSUs have spent only 25% of FY21 capex until August

Most state-run oil PSUs have spent nearly 25 percent of their capex for FY21 in the period between April and August, government data shows ....

DIPAM extends BPCL bid submission deadline to Nov 16

The deadline for the submission of bids for the sale of state-run BPCL has been extended for a fifth time, a notification published by DIPAM showed ....

BPCL bid submission deadline likely to be extended again: Sources

The Centre is likely to extend the bid submission deadline for BPCL for a fifth time, various sources in the know of the matter have said ....

BPCL opens ESPS scheme, but leaves out staff who are litigants against disinvestment

BPCL has opened its Employee Stock Purchase Scheme-2020 (ESPS) on September 28, but has kept a certain category of employees outside of its purview ....

BPCL privatisation will unlock tremendous value for company: CMD

BPCL CMD K Padmakar said that the privatisation of the company will unlock 'tremendous' value for the oil PSU ....

BPCL trade unions to go on 5-day all-India strike in Nov to oppose wage cut, privatisation

Trade unions at BPCL have declared their intention to go on a nationwide five-day strike in November against wage cuts imposed by the management ....

BPCL imposes 8-day wage cut on employees who took part in Sept 7 & 8 strike

The management of BPCL has told its employees that it will deduct eight days’ wages from the salaries of those who took part in the nationwide strike ....

NRL to set up crude oil import terminal at Paradip Port in Odisha

NRL, Dredging Corporation and Paradip Port Trust (PPT) have entered into a tripartite MoU set the ball rolling on the development of a crude oil import terminal in Paradip Port ....

Arun Kumar Singh gets additional charge of Director Refineries at BPCL

BPCL Director (Marketing) Arun Kumar Singh has been entrusted with additional charge of the post of Director (Refineries) ....

OMCs delivered 13 crore LPG refills under Ujjwala in April-August period: Pradhan

State-run OMCs have delivered 13 crore LPG refills under Ujjwala Yojana in the period between April and August this year, said Dharmendra Pradhan ....

Indian Oil, HPCL, BPCL see revenue decline by 40% in April-June

A stagnant economy during the COVID-19 lockdown & the historical drop in crude oil prices dented the revenues of IOC, BPCL, HPCL by around 40% year-on-year ....

COVID pandemic cut India’s crude oil import bill by 63% in April-July: Pradhan

In the backdrop of the historical drop in global crude oil prices, India’s crude oil import has fell by 63% in the first four months of the current financial year, said Dharmendra Pradhan ....

BPCL bags ‘CII Environmental Project Awards’

Bharat Petroleum Corporation Limited (BPCL) has been conferred with Confederation of Indian Industry (CII) Environmental Project Awards at the 7th edition of the “CII Environmental Best Practices Award” Conference through a digital platform ....

BPCL serves showcause notice to staff who took part in strike, threatens wage cut

Responding to the notice, the trade unions at BPCL have warned of multiple-day nationwide strike and a ‘surprise move’ on AGM day, if the LTS issue is not resolved ....

BPCL disinvestment is event risk due to dearth of info, slow progress: Fitch Ratings

Fitch Ratings has said that it views potential disinvestment of BPCL as an “event risk” because there is little info about bidders, valuation, & the potential transaction structure ....

ONGC, IOC, BPCL, HPCL, GAIL to join ISA as corporate members, contribute to corpus fund: Pradhan

Pradhan said that ONGC, IOCL, BPCL, HPCL and GAIL will be joining ISA’s Coalition for Sustainable Climate Action as corporate partners and will contribute to the corpus fund ....

Day 1: BPCL strike sees strong 84% turnout; ops at Kochi, Mumbai refinery hit, say unions

On day one of the 48-hour-long strike, a total of 4,570 workers out of a total strength of 5,386, led by 13 trade unions at BPCL, took part in the agitation ....

BPCL to offer employees ESPS with 1-year lock-in period. What does it mean?

In the run-up to its privatisation, BPCL is set to offer its employees a stock purchase scheme, which has received a nod from the company’s Board of Directors ....

Cooking gas subsidy will continue post BPCL privatisation: Centre

The government has told potential bidders that the subsidy on cooking gas will continue even after the privatisation of fuel refiner and retailer BPCL ....

BPCL armtwists staff: VRS applications okayed may be reviewed if you take part in strike

The management of BPCL has issued a warning to its employees, especially VRS applicants,  against participating in the strike on Sept 7 and 8 ....

BPCL disinvestment: Govt amends PIM, allows bidders to create SPV after EoI submission

The government has made a number of amendments to the PIM document for BPCL disinvestment, a notification released by the DIPAM showed ....

K Padmakar takes additional charge as BPCL CMD as D Rajkumar retires

In the run up to the oil PSU’s disinvestment, BPCL Director (HR) K Padmakar has taken additional charge of the post of CMD ....

#FuelingIndiasGrowth: BPCL resumed work on 2,118 projects worth Rs 50,300 crore

BPCL has resumed work on a total of 2,118 projects that involve a capital expenditure (capex) of Rs 50,300 crore, the company said ....

BPCL privatisation against Aatmanirbhar Bharat: Central Trade Unions to Pradhan

CTUs have asked Pradhan to review the decision for privatisation of BPCL, arguing that the policy is against national interest and against the policy of self-reliance ....

Oil & gas PSUs have begun 8,363 projects worth Rs 5.88 lakh crore

Oil & Gas industry has kick-started economic activities/projects, numbering 8,363 with an anticipated cost of Rs 5.88 lakh crore ....

An LTS clause has prompted BPCL workers to go on nationwide strike in Sep. What does it say?

In the run-up to the privatisation of BPCL, a clause placed in the LTS offer by the management has irked the trade unions ....

Final tally: Around 1,800 at BPCL opted for VRS and 300 withdrew, say sources

After the last date to withdraw the VRS applications expired on August 20, approximately 1,500 employees at BPCL have opted for the scheme, sources said ....

Over 1,500 employees at BPCL have opted for VRS, say sources

Over 1,500 employees at state-run Bharat Petroleum Corporation Limited (BPCL) have opted for the voluntary retirement scheme (VRS), said sources ....

BPCL leverages WhatsApp for LPG delivery in midst of COVID pandemic

BPCL has launched WhatsApp Booking and Payments recently to make it convenient for the customers to book LPG cylinder refills ....

Unions at BPCL refineries hold day-long hunger strike against privatisation, VRS

Apart from demanding the Centre to stop the privatisation process, the other major demand raised by the unions involves revision of LTS ....

BPCL disinvestment: DIPAM extends bid submission deadline for 4th time to Sep 30

The Centre has once again extended the deadline for submission of bids for the disinvestment of BPCL for a 4th time in the wake of requests from bidders ....

BPCL workers’ associations boycott VRS scheme, to hold 2-day flash strike

Opposing the VRS offered by the BPCL management recently, an all-India committee of workers at state-run BPCL has decided to hold a two-day flash strike ....

Here’s what’s on offer for employees seeking VRS at BPCL

Ahead of its privatisation, oil major BPCL has offered a VRS (voluntary retirement scheme) to employees above the age of 45 years ....

BPCL EoI deadline set to be extended again: Sources

The deadline for EoI submission for the strategic disinvestment of BPCL is set to be extended once again, sources said ....

Numaligarh Refinery disinvestment to be completed before BPCL: DIPAM

The disinvestment of Numaligarh Refinery Ltd will be completed before the closing of BPCL privatisation process, DIPAM said ....

K Padmakar to take over as acting CMD of BPCL until privatisation: Sources

In the backdrop of the privatisation plan, Director (HR) K Padmakar may take over as acting CMD of BPCL until the company is disinvested, sources have claimed ....

At forefront of providing essential services, oil PSUs see rise in COVID cases

Even as PSUs have provided essential services during COVID lockdown, employees have also borne the brunt of being at the forefront of the battle ....

BPCL to cut capex plan for FY2020-21 by 36%: Director (Finance)

A senior official at BPCL said that the oil marketing company is looking at cutting its capex for financial year 2020-2021 by 36 percent ....

Govt extends bid submission for BPCL again, sources say expect more extensions

The deadline for submission of bids for the disinvestment of BPCL has been extended for a third time in the wake of requests from bidders ....

The new attendance system at BPCL requires employees to take a selfie

Compelled by the Corona crisis to work from home, BPCL has overhauled its attendance system and its employees are now taking selfies as they login to work ....

Govt extends deadline for submission of EoI for BPCL

In the wake of the Coronavirus pandemic, the government has extended the deadline for submission of EoI for the sale of BPCL for a second time ....

FY2019-20 disinvestment target: DIPAM might end March with only Rs 50,300 cr

With just a week to go, the govt looks set to miss its revised FY2019-20 disinvestment target by around Rs 15,000 crore, a source told PSU Watch ....

Govt’s BPCL bid doc allows employees to take part. But there’s a clause

The government has invited both domestic and global entities with a minimum net worth of $10 billion to bid for BPCL and has released a PIM ....

BPCL EoI to be out on March 7, say sources

The EoI document seeking bids for the privatisation of BPCL could be out on March 7, official sources in the know of the matter said ....

Here’s why BPCL EoI is taking so long to be out

According to a senior source in the know of the matter, the BPCL EoI is stuck at the Alternate Mechanism-level with the ministers ....

In Q3, BPCL posts 26% drop in net profit quarter-on-quarter

State-owned BPCL has posted a 26 percent drop in standalone net profit quarter-on-quarter in Q3 of FY2019-20 at Rs 1260.63 crore ....

Oil PSUs to hold mass convention on Feb 9 against BPCL sale

Oil PSUs are set to hold another national convention in February to chalk out a plan of resistance against the strategic sale of BPCL ....

BPCL sale: IOC to take call on bidding after govt spells out rules

IOC will take a call on whether to throw its hat in the ring for BPCL or not after the government releases the rulebook ....

PSUs likely to take part in BPCL disinvestment

The Centre has asked at least a couple of major PSUs, including IOC and ONGC, to be prepared to take part in BPCL disinvestment ....

Strategic sale of BPCL will be adverse in long-term, warn oil PSU officers

An apex federation representing officers from Maharatna PSUs have opposed the planned strategic sale of profit-making BPCL ....

This is why BPCL privatisation may not happen in FY2019-20

With just three months to go for the financial year to end, official sources seem unsure that the BPCL privatisation deal will take place before FY 2019-20 end ....

BMS to intensify stir against govt PSU policies, nationwide strike on Jan 3

At a national convention, RSS-affiliate Bharatiya Mazdoor Sangh has decided to intensify the struggle against the BJP government’s PSU policies ....

Vedanta interested in bidding for BPCL: Anil Agarwal

Vedanta Resources Ltd Chairman Anil Agarwal has said that the company is interested in bidding for BPCL and is evaluating the investment ....

BPCL functions almost like an MNC, says BJP spokesperson

State-run BPCL functions almost like an MNC and has many suitors who are keen on buying it, BJP oil expert Narendra Taneja said ....

BPCL sale: The true value of BPCL is Rs 9 lakh cr, says PSU officers’ federation

Two federations representing officers of Maharatna PSUs have claimed that the valuation estimates doing the rounds for BPCL sale is grossly undervalued ....

Divestment of profitable PSUs: 2 top PSU federations call for a press conference

Two apex federations of oil PSU officers and PSU officers in Maharatna companies will address the media on Dec 9 on the “divestment of profitable PSUs ....

How BPCL played an unseen role during Article 370 abrogation in J&K

Days before Article 370 was removed, this BPCL driver recounts how he took fuel to the newly-declared union territories of Jammu and Kashmir in utmost secrecy ....

The missing solidarity at BPCL privatisation protest at Jantar Mantar

Even though the nationwide turnout at the protest against BPCL privatisation was around 20,000, the scene in New Delhi portrayed a fractured picture ....

20,000 rally across India to protest against BPCL privatisation

At least 20,000 PSU employees in the oil sector across the country took part in the nation-wide protest against the plan to privatise state-run BPCL ....

Nov 28 protest against privatisation is no more about BPCL alone

The planned protest against privatisation of BPCL on November 28 will see employees from PSUs outside oil sector joining in ....

Disinvestment of PSUs: Trade unions urge govt to reverse decision

Expressing “strong protest” at the Cabinet’s approval for the disinvestment of 5 PSUs, central trade unions urged the government to reverse the decision ....

Disinvestment: Pradhan hints no PSU will be allowed to bid for BPCL

Dharmendra Pradhan hinted that public sector undertakings may not be allowed to take part in bidding during disinvestment of BPCL ....

Cabinet approves disinvestment of BPCL without NRL

The Cabinet has approved the disinvestment of the government’s stake in five state-run companies — BPCL, CONCOR, SCI, THDC and NEEPCO ....

‘Strike against BPCL privatisation on Nov 28 will be biggest so far’

At a convention of trade unions, union leaders sounded optimistic that the November 28 strike against BPCL privatisation will be the biggest so far ....

Here’s how BPCL, HPCL disinvestment will usher tough times for Indian Oil

The fuel retail sector in India is poised to undergo a major facelift as the government prepares to put BPCL and HPCL up for disinvestment/privatisation ....

Disinvestment: India to allow global players to bid for oil PSUs

In the backdrop of BPCL disinvestment, reports from ADIPEC 2019 have quoted Pradhan as saying that India will allow global energy majors to bid for oil PSUs ....

Indian Oil mulls picking up Centre’s stake in BPCL

Indian Oil is considering picking up the government’s stake in BPCL because of concerns that privatisation of BPCL could put its market share at risk ....

BPCL privatisation will only benefit consumers: Pradhan

Citing the example of the aviation and the telecom sector, Dharmendra Pradhan said that the privatisation of BPCL will only be good for consumers ....

Here’s what Ind-Ra thinks of BPCL stake sale

A potential stake sale of the entire government stake in BPCL could result in reassessment of linkages between the government and OMCs, said Ind-Ra ....

For BPCL disinvestment, govt may take a leaf out of Vajpayee’s book

The Department of Investment and Public Asset Management is looking to take a leaf out of former PM Atal Bihari Vajpayee’s book for BPCL disinvestment ....

With privatisation of BPCL, HPCL, is govt handing RIL a monopoly?

If BPCL and HPCL are handed over to Reliance Industries, RIL will monopolise the oil refining business in India, trade unions have warned ....

Disinvestment: Will private sector implement Ujjwala, PSU employees ask PM

In a letter addressed to the PM, an association representing PSU employees have asked: wouldn’t disinvestment affect implementation of Ujjwala ....

BPCL privatisation: Trade unions planning massive action

In order to oppose BPCL privatisation, trade unions in the oil sector across India are organising a national convention against privatisation of PSUs on Oct 26 ....

Alert! Raghuram Rajan’s tweet on BPCL privatisation is fake

A tweet on BPCL privatisation that is being widely shared on WhatsApp since October 9 and being attributed to former RBI Governor Raghuram Rajan is fake ....

BPCL disinvestment: Employees send an SOS to PMO

As the Centre takes big strides towards the disinvestment of BPCL, an umbrella organisation representing employee unions has sent out an SOS to the PMO ....

LPG supply situation in India comfortable, say OMCs

OMCs dismissed reports that claimed they were planning on rationing LPG cylinders in the wake of a scarcity in LPG supply ....

PSU SALE 2019: Govt to sell what’s saleable in PSU sector

As far as privatisation 2019 plans are concerned, word has it that the government has placed it high on the agenda and will sell “whatever is saleable” ....

IOC, BPCL, HPCL resume fuel supply to Air India

Public sector oil companies resumed fuel supply to Air India on Saturday evening after talks mediated by the government ....

Air India owes Rs 4,500 cr to IOC, BPCL, HPCL

The delay forced IOC, BPCL and HPCL to cut jet fuel supply to Air India at six airports — Kochi, Pune, Patna, Ranchi, Vizag and Mohali ....

OMCs cancelled 40 retail dealerships in 5 years over fuel adulteration

OMCs have a system of monitoring and surveillance at retail outlets that involves surprise inspections at the retail outlet ....

These two PSUs have now joined India’s ambitious Rs 9,000-cr LPG pipeline project

IOC, BPCL, and HPCL have signed an agreement on June 3 for the formation of a joint venture company for implementation and operation of LPG pipeline ....

State-run energy companies will pour Rs 80 crore to make Tripura ODF state

ONGC, Indian Oil Corp, Oil India Ltd and Gas Authority of India Ltd are the other companies to provide the finance assistance for making the state Open Defecation Free ....

Two yrs on, Indian Oil, GAIL still considering Adani LNG terminal investment

 With five million tonnes of natural gas regasification capacity, the Dhamra LNG terminal is expected to be commissioned this year ....

Reliance, BP will jointly fuel up India with 2,000 petrol pumps

Foreign fuel retailers are increasingly flocking to India to claim a share of the market because of the rapidly growing fuel demand in the country ....

India’s first compressed bio-gas plant to be functional soon

The government has announced that the nation’s first compressed bio-gas (CBG) plant will become operational within the current quarter of the fiscal ....