PSUs not allowed to bid for BPCL
There is no question of public sector companies to be allowed to bid for Bharat Petroleum Corporation Ltd (BPCL),” a senior government official said. Such a move would be against the rules and go against the plan of privatising, the official added.
Premium valuation on BPCL retail biz possible but process needs clarity: Deven R Choksey
We cannot give an ad hoc view as to whether the prem...
Public sector officers’ association against privatisation of BPCL
Representatives of officers’ associations from several state-run companies ...
BPCL chief hails privatisation move
In a letter to BPCL employees, Chairman D Rajkumar has tried to address their anxiety on privatisation and sought their support in ensuring that daily business goes ‘without any disruption’ during transition.
BPCL privatisation may lead to rerating of oil marketing space: Hemang Jani
The environment for oil marketing companies is extremely positive at this point of time.
Mega disinvestment: BPCL along with 4 other PSUs to be privatised
In the biggest privatisation drive ever, the Union Cabinet on Wednesday approved sale of government's stake in blue-chip oil firm BPCL, ship...
Tata Asset spots an opportunity in fiscal squeeze
“A large part of India’s value stocks are state-owned enterprises,“ said Rahul Singh.
Privatisation good news for BPCL, bad news for 2 other oil retailing PSUs: Ajay Srivastava
PSU privatisation great for shareholders, govt must run a good process to get good value.
BPCL workers to go on strike on November 28
The move to sell the government’s entire majority stake in Bharat Petroleum Corporation Ltd (BPCL) has stoked fears that a change of ownership could lead to job losses and a sharply different working climate unsuitable for many current employees, prompting protests from company workers and executives.
BPCL privatisation: Pradhan says no role of govt in business; competition to benefit consumers
"The role of the government should be to create policy framework guarantees "affordability, accessibility, sustainability and security" of fuel to consumers. When Prime Minister (Narendra Modi) says the government has no business to be in business, it is not a slogan. It is a philosophy," Petroleum Minister Dharmendra Pradhan said.
BPCL, SCI shares tumble after privatisation move
Both BPCL and Shipping Corp had hit their respective 52-week highs in early trade.
Vedanta will definitely evaluate making bid for BPCL: Agarwal
He said there will be a bidder whenever the expression of interest and tender are issued.
View: Modi finds his inner Thatcher with privatisation drive
Most importantly, India should set its sights at something higher and more durable than a crisis response.
Vedanta interested in BPCL, evaluation on: Anil Agarwal
Vouching for the privatisation of public sector companies, Anil Agarwal, chairman of Vedanta Resources, said that the public companies acquired by his group have fared better under private ownership. Agarwal’s Vedanta Resources has acquired Bharat Aluminium Company (Balco), Hindustan Zinc (HZL), and Sesa Goa, among other companies over the years.
ET Explains: The long and short of Modi govt's big-ticket privatisation drive
The move to privatise some of these big state-run firms reinforces Modi govt's reform credentials.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service