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Retired BPCL chairman Arun Kumar Singh to be next ONGC CMD

PSU Watch Bureau -
Oil refining and marketing company BPCL's former chairman Arun Kumar Singh is likely to be the new ONGC CMD, two sources aware of the matter said
News Updates

IOC, HPCL, BPCL loss at Rs 2,749 cr in Q2, total loss in H1 reaches Rs 21,201 crore

PSU Watch Bureau -
IOC, BPCL and HPCL have posted a combined loss of Rs 21,201.18 crore in H1 of the current financial year, which is the highest ever for any six-month period
News Updates

Servotech Power Systems bags Rs 46 cr order from BPCL

PSU Watch Bureau -
Servotech Power Systems has bagged a Rs 46.2 crore order from BPCL for supplying and installing a series of EV chargers at different locations
News Updates

HPCL reports back-to-back quarterly losses, posts Rs 2,172-cr loss in Q2

PSU Watch Bureau -
For the first half of the current financial year, state-run HPCL now has a cumulative standalone net loss of Rs 12,369.08 crore
News Updates

BPCL to participate in ADIPEC 2022 in Abu Dhabi

PSU Watch Bureau -
BPCL is participating in ADIPEC 2022 in Abu Dhabi from October 31 to November 6 to explore market trends, source solutions, it said
News Updates

Cabinet okays Rs 22,000 cr as one-time grant for PSU OMCs to cover losses in LPG

PSU Watch Bureau -
The Union Cabinet has approved the proposal of the Petroleum Ministry to give a one-time grant amounting to Rs 22,000 crore to three PSU OMCs
News Updates

LIC buys over 2% stake in BPCL for nearly Rs 1,598 crore

PSU Watch Bureau -
LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last year
News Updates

BPCL to incur marketing losses; prolonged State interference in fuel prices negative: Fitch

PSU Watch Bureau -
BPCL is likely to incur gross marketing losses in the current fiscal as it is unable to pass costs to consumers, Fitch Ratings said
News Updates

BPCL signs pact with Brazil’s Petrobras to diversify crude oil sourcing

PSU Watch Bureau -
BPCL has signed an agreement with Brazilian national oil company Petrobras for sourcing crude oil as part of plans to diversify its sourcing needs
News Updates

BPCL disinvestment not on table as of now, says Puri

PSU Watch Bureau -
Hardeep Singh Puri, Minister for Petroleum and Natural Gas, has said that BPCL disinvestment is not on the table as of now
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