Mon, Nov 04, 2024
PSU Oil Stocks: State-run oil marketing companies (OMCs) Indian Oil Corporation (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) have reported a decline in their respective net profit during the July-September quarter for fiscal 2024-25 (FY25)
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Thu, Oct 03, 2024
As part of the initiative, the two partners will jointly set up EV charging stations at Mumbai Port, promoting green energy adoption for port users and the general public, Bharat Petroleum Corporation Limited (BPCL) said.
Fri, Sep 06, 2024
Oil Stocks to Buy: Amid a fall in crude oil prices in the past few days, some oil stocks have got a 'buy' call from a global brokerage firm.
Fri, Mar 12, 2021
BPCL share price and dividend: Zee Business Managing Editor Anil Singhvi has been batting aggressively in favour of PSU stocks ever since Budget 2021 was tabled.
Tue, Mar 02, 2021
BPCL may use Rs 9,876 crore proceed from stake sale in Numaligarh Refinery to pay a special dividend to shareholders, the biggest being Government of India.
Big news for investors of BPCL. The company will be selling its stake in Numaligarh Refinery as was reported previously by Zee Business. Zee Business Managing Editor Anil Singhvi has been bullish on PSU stocks. The Market Guru has said that this year belongs to PSU company stocks. There is government focus on PSUs now and it will aggressively stick to timelines
BPCL (Bharat Petroleum) sold its stake in Numaligarh refinery for Rs 99 bn, higher than estimate by Jefferies of Rs 84bn. The positive surprise is 1.5% of BPCL's current market cap. After paying capital gains tax (Rs 9.4bn calc) it could use the proceeds to pay for the equity stake purchase in BORL and pay out the rest as one time dividend (Rs 30/shr calc). Or it could use it to retire long term debt and add 4% to annual PBT. Jefferies Reiterate Buy with price target of Rs 500.
Fri, Feb 19, 2021
BPCL, CONCOR, SCI, LIC IPO and more: Prime Minister Narendra Modi will hold a special high-level meeting on disinvestment of public sector units on February 24, said Zee Business Managing Editor Anil Singhvi.
Sun, Feb 14, 2021
Prime Minister Narendra Modi on Sunday dedicated to the nation a Rs 6,000 crore petrochemical complex of oil major Bharat Petroleum here and Ro-Ro vessels of Inland Waterways at Willingdon Islands, asserting these projects would energise India's growth trajectory.
Wed, Feb 10, 2021
Bharat Petroleum Corporation (BPCL’s) Q3 FY21 adjusted operating profit stood at Rs 4306 cr (up 67.9% yoy; down 4% qoq), which was 22% above consensus estimate of Rs 3541 cr. Results beat expectations on largely all fronts with better than expected derived net marketing margin at Rs 3597/tonne (up 2.2x yoy; up 0.9% qoq), reported GRM at $2.5/ bbl (vs estimate of $2-2.2/bbl) and refining throughput at 7.2 mmt (refinery utilization rate of 105%).
Sat, Feb 06, 2021
LIC IPO Date: As the government plans to bring LIC IPO in FY 2021-22, there is big A big development regarding the Initial Public Offering (IPO) of the Life Insurance Corporation of India has come to the fore.
Wed, Dec 16, 2020
India’s largest pure play credit card issuer has joined hands with Bharat Petroleum Corporation Ltd to launch BPCL SBI Card OCTANE. The card was launched on 15 December. The card gives some amazing benefits which include incentives on fuel purchase, grocery and department store items, dining and movies. Check this space to know more about this card
Tue, Dec 15, 2020
Amid rising prices, are you spending a significant amount of your income on fuel? SBI Card’s latest offering claims to address this concern. India’s largest pure play credit card issuer has joined hands with Bharat Petroleum Corporation Ltd to launch BPCL SBI Card OCTANE. See what the card claims to offer!
Fri, Dec 11, 2020
BPCL Disinvestment: A big and exclusive news on BPCL disinvestment plans of the Narendra Modi government has just broken! The DIPAM has received tremendous response from the interested bidders and expectation of this state-run company's stake getting sold at a high price have increased. Zee Business Executive Editor Swati Khandelwal has this detailed report!
Wed, Dec 09, 2020
Stock Markets euphoria is spilling over and some caution needs to be exercised by investors, Market Expert Sanjiv Bhasin told Zee Business Managing Editor Anil Singhvi today. He said that all is not well in mid cap and small cap stocks
Mon, Dec 07, 2020
Government is all set to complete strategic disinvestment of Bharat Petroleum Corporation Ltd or BPCL by the end of the current fiscal year. According to sources, in a recently held inter-ministerial group meeting, it discussed its valuation which can fetch it maximum profits. It has got three preliminary bids from Vedanta, Apollo Global and I Squared Capital's arm Think Gas to buy 52.8% stake in BPCL
Tue, Nov 17, 2020
Anil Singhvi has chosen the Mazagon Dock for Samvat 2077. It is advised to invest in this company even after the IPO and after listing. The stock got listed at a lesser price than expected. However, the fundamentals of the company are quiet strong.
The Nifty 50 index added 60.30 points or 0.47% at 12,780.25. Both the indices attained record closing high levels. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Monday, November 17, 2020.
Sun, Nov 15, 2020
Initial bids for privatisation of Bharat Petroleum Corp Ltd (BPCL) will close on Monday amid indications of supermajors UK's BP Plc, Total of France and Saudi Aramco unlikely to bid.
Thu, Oct 22, 2020
The BPCL Trust for Investment in Shares on Wednesday offloaded shares worth over Rs 1,489 crore in Bharat Petroleum Corporation Ltd (BPCL) through an open market transaction
Sun, Oct 18, 2020
After four extensions, the government is hopeful that strategic sale of Bharat Petroleum Corporation Ltd. (BPCL) may go through without any further need to postpone the bidding deadlines.
Sat, Sep 05, 2020
State-owned Bharat Petroleum Corp Ltd (BPCL) has offered its employees stock options at one-third of the market price as the company looks to reward staff ahead of its privatisation.
Fri, Sep 04, 2020
In the last meeting of core group of secretaries on disinvestment (CGD), the decisions related to bidding by special purpose vehicle or consortium were taken. As per sources, the foreign investors had asked whether they can bid by SPV or consortium.
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