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Tag results for... "bpcl-disinvestment"

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

In a notification issued on June 10, BPCL informed its employees that those who have less than 15 years of service with BPCL as on June 1, 2021, would not be eligible for PRMBS Four trade unions.......

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

Only 49 percent FDI in petroleum sector is allowed in by Public Sector Undertakings (PSUs), without any disinvestment or dilution of domestic equity in the existing PSUs A proposal has.......

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

BPCL holds 12.5 percent share in Petronet LNG and a 22.5 percent stake in IGL and is a co-promoter in both the companies BPCL Director (Finance) N Vijayagopal said that the company has.......

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

New Delhi: Arun Kumar Singh, who currently holds two key responsibilities at disinvestment-bound Bharat Petroleum Corporation Limited (BPCL), is set to be the next Chairman and Managing Director.......

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

The annual consumption of Normal Butanol, predominantly by plasticisers and automotive paint manufacturers, is 60-65 TMT annually in India and is mostly imported BPCL’s Kochi.......

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

BPCL said that with the acquisition of OQ’s entire stake, BPCL will establish full control over BORL The consolidation exercise comes as the government is set to privatise.......

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

A Sale Purchase Agreement was signed on March 25 between BPCL and the consortium of Oil India Limited (OIL) and Engineers India Limited (EIL) After the completion of the acquisition of.......

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

‘There is still little information about bidders, valuations or potential restrictions for the new owner in relation to employee protection, asset stripping and investment.......

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

BPCL expects to complete the sale within a month after obtaining all requisite approvals The disinvestment of NRL is a key step towards the privatisation of BPCL New Delhi: The.......

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

EIL said that it will take the minority stake, while OIL will be the majority shareholder Post disinvestment, the government of Assam, which currently holds 12.35 percent stake in NRL,.......

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

BPCL said that no governmental or regulatory approvals are required for the acquisition of Oman Oil Company’s stake in BORL The oil marketing company also said that the indicative.......

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

At the meeting held on February 8, the Board of Directors of BPCL has approved the sale purchase agreement for NRL disinvestment NRL stake sale is happening at a rapid pace. Valuation.......

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

The delay is affecting the decision-making process at the Assam-based oil refinery, said sources DIPAM had earlier said that NRL will be carved out of BPCL before it is disinvested,.......

DIPAM ends 2020 with disinvestment yield of Rs 12,778 cr against target of Rs 2.1 lakh cr

DIPAM’s total receipts from PSUs, including disinvestment and dividends, stood at Rs 26,511.49 crore Rs 13,733.13 crore was received in the form of dividends by the government.......

BPCL Board of Directors approves merger of BGRL with itself

During the financial year 2019-20, BGRL has recorded revenue from operations of Rs 273.35 crore The Authorised Equity Share capital of BGRL is Rs 2,300 crore and current paid-up capital.......