2024 Bpcl divestment news

Bpcl divestment news

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August undefined, 2024

WebBPCL stake sale: Employee unions plan nation-wide strike against privatisation on 28 November The union cabinet had Wednesday approved a proposal to sell the government’s entire 53 per cent stake in BPCL arguing the resources unlocked by the strategic disinvestment would be used to finance social sector programmes benefiting the public. WebMar 29, 2024 · Divestment of Bharat Petroleum Corporation Limited (BPCL) is presently in due diligence stage which has not been completed, the government informed the Parliament on Tuesday.

Why are brokerages so bullish on BPCL? Anil Singhvi

WebMay 26, 2024 · BPCL disinvestment: Govt drops offer to sell 53% stake as most bidders express inability to participate The government had planned to sell its entire 52.98% stake in Bharat Petroleum... WebThe BPCL divestment will be through an IPO (initial public offering), but this will only give unbridled powers to the petroleum minister. After the government dilutes its holding, BPCL will no longer be subject to parliamentary oversight, or the Comptroller and Auditor General and Central Vigilance Commission -- it will be answerable only to ... marriott timeshares in hilton head sc

BPCL privatisation stalled as two bidders walkout, one left

WebApr 5, 2024 · In December 2024, the India arm of Deloitte Touche Tohmatsu surprised many with its ultra-competitive bid to become the transaction advisor for the country’s largest strategic disinvestment in Bharat Petroleum Corporation (BPCL). The multinational major quoted just Rs 1; the second-highest bidder, SBI Caps, reportedly quoted Rs 15-17 crore. WebMar 21, 2024 · The Central government is expecting the divestment of state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) to net the exchequer over Rs 80,000 crore, based on a valuation at a significant premium to current prices, according to sources. marriott timeshare st thomas

BPCL divestment not on the table: Hardeep Singh Puri

SC halts HPCL, BPCL sell-off - origin.news.rediff.com

WebIn the last eight sessions, between 25 April and 8 May 2003, HPCL and BPCL have risen by 13% and 10.2% respectively. Dealers said the selling pressure was due to profit-booking after a recovery on Monday. They said that players feel that the divestment process will take its own time as the government faces many hurdles in its path. WebHome > Business > Business Headline > Report Oil PSU divestment: Unmaking of a sale BS Bureau in New Delhi September 17, 2003 12:48 IST The Supreme Court judgment directing the government to halt the divestment of Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd, and asking it to go back to Parliament to seek … marriott titanium welcome giftWebJul 22, 2024 · National carrier Air India, Shipping Corporation of India, and BPCL are some of the major disinvestments lined up for fiscal year 2024-22. The Union Cabinet is set to approve 100 percent foreign... marriott timeshares in aruba

"WebCompany executives informed analysts that BPCL will witness 57 per cent jump in capital expenditure at Rs 12,488 crore next fiscal year (2024-2024) The long and winding road … " - Bpcl divestment news

Bpcl divestment news

BPCL disinvestment: Top India asset sale delayed as suitors strive …

WebNov 27, 2024 · New Delhi: Moody’s investor services on Tuesday said it is reviewing Bharat Petroleum’s (BPCL’s) credit rating for a downgrade following the government’s decision to sell its 53.29 per cent stake in the company to a strategic investor. The agency added that the review takes into account the uncertainty with respect to both the support … WebSep 27, 2024 · The disinvestment of Bharat Petroleum Corporation (BPCL) is intended to be completed by March 2024 according to company Chairman, Arun Kumar Singh. TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH. Key stories on business-standard.com are available to premium subscribers only. Already a …

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WebMar 29, 2024 · Divestment of Bharat Petroleum Corporation Limited (BPCL) is presently in due diligence stage which has not been completed, the government informed the … WebSep 15, 2024 · The divestment of Bharat Petroleum Corporation Limited is not on the table as of now, said Minister of Petroleum and Natural Gas Hardeep Singh Puri on …

WebMay 28, 2024 · “Due to Covid-19, BPCL’s ongoing divestment is likely to be delayed to 2HFY21F or even FY22F. Also, given increased concerns on marketing, weak demand/margin, and likely reduced interest from ... http://origin.news.rediff.com/money/2003/sep/16divest5.htm?zcc=ar

WebSep 27, 2024 · BPCL privatisation may be completed by March-end: Chairman 1 min read . Updated: 27 Sep 2024, 07:18 PM IST Livemint Earlier this month, Fitch Ratings said uncertainty over the bidder consortiums... WebHome > Business > Reuters > Report Government to privatise HPCL, BPCL: Shourie December 09, 2002 15:34 IST. The government will press ahead with its stalled privatisation programme and sell stakes in two refiners, Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd, Divestment Minister Arun Shourie said on Monday.. Shourie told …

WebAug 24, 2024 · Earlier this month, the Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey also reiterated the government’s plan to privatise Air India and BPCL this fiscal. He said that he is expecting the financial bids for Shipping Corporation, BEML, Pawan Hans and Nilanchal Ispaat also to come in FY22.

WebOct 14, 2024 · Bharat Petroleum Corporation Ltd (BPCL) is another company that is on the divestment list of the government. Pandey said that the government is expecting … marriott toll free number reservationsWebApr 8, 2024 · Bpcl Divestment :Find latest news, top stories on Bpcl Divestment and get latest news updates. photos and videos on Bpcl Divestment - ABP Live marriott timeshare west palm beach floridaWebHome > News > PTI BPCL, HPCL divestment raises heat in Lok Sabha February 19, 2003 15:38 IST. Opposition parties and key Bharatiya Janata Party allies -- Shiv Sena and Samata Party -- kicked up a row on Wednesday in Lok Sabha over the proposed divestment of the Hindustan Petroleum Corporation Limited and the Bharat Petroleum … marriott top hotel brandWebApr 22, 2024 · The government invited expression of interest from bidders in March 2024 from selling BPCL and by November 2024 at least three bids had come in. The central … marriott toledo westWebDec 11, 2024 · 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 … marriott tomorrow squareWebMay 19, 2024 · New Delhi May 19, 2024 05:46 IST. At current market prices, the government’s stake in BPCL is worth over Rs 38,000 crore. The government will relook at plans for the divestment of Bharat Petroleum Corporation Ltd (BPCL) post the completion of expansion plans at the company, a source aware of developments told reporters on … marriott toledo ohio westWebMar 23, 2024 · Varun Dubey, Senior Research Analysts at Zee Business spoke to Managing Editor Anil Singhvi and said that the report highlights that divestment in BPCL could happen in the range of Rs 700-Rs 750. … marriott toll free number uae