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IOC, HPCL, BPCL Post Rs 18,480 Cr Loss In Q1 On Holding Petrol, Diesel Prices

IOC, HPCL, BPCL Post Rs 18,480 Cr Loss In Q1 On Holding Petrol, Diesel Prices

According to stock exchange filings by the three fuel retailers, the losses were due to erosion in the marketing margin on petrol, diesel and domestic LPG

07 August 2022
Selling Diesel And Petrol At Loss Of Rs 20-25/Litre And Rs 14-18/litre: Private Retailers

Selling Diesel And Petrol At Loss Of Rs 20-25/Litre And Rs 14-18/litre: Private Retailers

On June 10, the Federation of Indian Petroleum Industry (FIPI), which besides private fuel retailers also counts state-owned firms such as IOC, BPCL and HPCL...

19 June 2022

Govt Drops Offer To Sell 53% Stake In BPCL

The government had planned to sell its entire 52.98 per cent stake in Bharat Petroleum Corporation Ltd (BPCL) and invited Expressions of Interest (EoIs) from...

BPCL Q4 Net Drops 82% On Losses Due To Holding Fuel Prices

BPCL Q4 Net Drops 82% On Losses Due To Holding Fuel Prices

Net profit of Rs 2,130.53 crore was reported in the January-March period as compared with Rs 11,940.13 crore

25 May 2022

After Pawan Hans, Bharat Petroleum Privatisation Stalled As Bidders Walkout

The government had planned to sell its entire 52.98 per cent stake in Bharat Petroleum Corporation Ltd (BPCL) and invited Expression of Interest from bidders...

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27 April 2022
BPCL, HPCL Walk Away With City Gas Licenses In Latest Bid Round

BPCL, HPCL Walk Away With City Gas Licenses In Latest Bid Round

Seven companies had put in 21 bids for city gas licenses in five areas in states like Uttar Pradesh and West Bengal.


25 April 2022
MG Motor India, BPCL Team Up To Bolster EV Charging Infrastructure

MG Motor India, BPCL Team Up To Bolster EV Charging Infrastructure

The partnership with BPCL will add momentum to EV adoption by expanding opportunities for intercity travel as the two entities will install EV chargers across...


21 April 2022
Government May Take Fresh Look At BPCL Privatisation, Revise Terms Of Sale

Government May Take Fresh Look At BPCL Privatisation, Revise Terms Of Sale

The government is selling its entire 52.98 per cent stake in BPCL for which three expressions of interest (EoIs), including one from billionaire Anil...


11 April 2022
Sensex Declines 400 Points; Nifty Below 17,750 Dragged By SBI, Reliance

Sensex Declines 400 Points; Nifty Below 17,750 Dragged By SBI, Reliance

At 10:21 am, Sensex was down 318 points or 0.51 per cent at 59,127, whereas Nifty declined 73 points to 17,709. 


25 March 2022
IOC, BPCL, HPCL Lost $2.25 Bn In Revenue Due To Fuel Price Freeze: Moody's

IOC, BPCL, HPCL Lost $2.25 Bn In Revenue Due To Fuel Price Freeze: Moody's

IOC, BPCL and HPCL - will incur a combined daily loss of around $65-70 million on the sale of petrol and diesel unless fuel prices are increased to cover the...


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24 March 2022
Sanctions On Russia May Result In Impairment Losses For ONGC, Others: Moody's

Sanctions On Russia May Result In Impairment Losses For ONGC, Others: Moody's

ONGC, Oil India Ltd, Indian Oil Corporation and Bharat Petroleum Corporation Ltd have invested in upstream oil and gas assets in Russia


13 March 2022
Gail Declares Record Dividend For FY22

Gail Declares Record Dividend For FY22

The total dividend payout will be Rs 2,220.19 crore with a record date of March 22, the company said in a statement


08 March 2022
Is Disinvestment Like Killing The Golden Goose?

Is Disinvestment Like Killing The Golden Goose?

CPSEs have been engaged in the manufacture of goods and provisions of services in almost all the important spheres of economic activity.


04 March 2022
SWIFT Ban, Sanctions On Russia To Hurt Indian Oil Companies: Report

SWIFT Ban, Sanctions On Russia To Hurt Indian Oil Companies: Report

Major Indian oil companies such as ONGC, Oil India Limited (OIL), Indian Oil Corporation (IOC), and BPCL have invested in Russian energy projects, according to...


22 February 2022
BPCL, Hero MotoCorp Tie Up To Set Up Charging Infra For 2-Wheeler EVs

BPCL, Hero MotoCorp Tie Up To Set Up Charging Infra For 2-Wheeler EVs

The two firms will first set up a substantial charging infrastructure at BPCL's existing petrol pumps and may subsequently broaden the collaboration to develop...


03 February 2022
BPCL, BEML, Shipping Corporation To Be Privatised Next Year, Says Tuhin Kanta Pandey

BPCL, BEML, Shipping Corporation To Be Privatised Next Year, Says Tuhin Kanta Pandey

The 2022-23 Budget has projected a disinvestment target of Rs 65,000 crore for the next financial year. This is significantly lower than the estimated Rs 1.75...


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02 February 2022
BPCL Privatization Might Take Place Next Year, Says Senior Official

BPCL Privatization Might Take Place Next Year, Says Senior Official

The government is selling its entire 52.98 per cent stake in BPCL for which three expressions of interest (EoIs), including one from billionaire Anil...


27 January 2022
Stock Market Rout Likely To Derail Centre’s Divestment Plan For LIC, BPCL

Stock Market Rout Likely To Derail Centre’s Divestment Plan For LIC, BPCL

In her last year’s budget speech, Finance Minister Nirmala Sithraman had announced that the government would be listing Life Insurance Corporation (LIC)...


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