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BHARAT PETROLEUM CORPORATION NEWS

In October 2022, the government had approved a one-time grant of Rs 22,000 crore for OMCs to partially cover their accumulated losses of around Rs 28,000 crore at the time from selling LPG at a loss in consumer interest

FinMin may soon finalise compensation package for oil marketing companies’ losses on LPG sales

July 10, 2025 1:21 pm

It is estimated that the Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation incurred a cumulative loss of over Rs 41,000 crore

BPCL divestment path: Cabinet to take up 100% FDI plan for PSU refiners

June 16, 2021 3:44 am

The move, initially proposed by the Petroleum Ministry, will be placed before the Cabinet by the Department of Promotion of Industry and Internal Trade (DPIIT). The divestment of the Centre’s 53 per cent stake in BPCL is a key part of the former’s disinvestment target of Rs 1.75 lakh crore for FY22.

BPCL, BPCL privatisation, privatisation of BPCL, Bharat Petroleum Corporation Ltd, Business news, Indian Express

BPCL may sell some stake in IGL, Petronet to shed promoter status

May 25, 2021 3:26 pm

BPCL holds 12.5 per cent of shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions.

Govt expects Rs 80,000 crore from BPCL divestment

March 22, 2021 4:11 am

The government has received expressions of interest for the refiner from Vedanta Ltd and two global private equity funds.

Vedanta confirms bid for BPCL, calls it ‘exploratory’

November 19, 2020 10:59 am

Vedanta Limited is the holding company of Cairn India, which accounts for around a quarter of India’s annual crude oil output. The deadline for submission of EoIs for BPCL was November 16.

Vedanta puts in expression of interest to buy government stake in BPCL

November 18, 2020 2:36 pm

Vedanta's interest in India's second largest fuel retailer is because of synergies with its existing oil and gas business.

BPCL strategic sale: ‘Multiple’ bids received on last day

November 17, 2020 3:46 am

Deloitte Touche Tohmatsu India LLP has been appointed the transaction advisor. DIPAM did not however specify which companies had submitted the EOIs.

Privatisation could ‘unlock tremendous value’: BPCL CMD

September 29, 2020 11:19 am

The company had posted a profit of Rs 2,076 crore despite GRM being low on the back of inventory gains from a revival in the price of crude oil from lows of around $20 per barrel in April.