bpcl privatisation date

Privatisation of BPCL is essential for meeting the record Rs 2.1 lakh crore target the finance minister BPCL privatisation: Bid closes today, all eyes on Reliance Industries The government had on four occasions extended the date of putting in the preliminary expression of interest (EoI). Topics BPCL | privatisation Enjoy Reading! 180 crores. Follow @ETEnergyworld for the latest news, insider access to events and more. Cabinet Committee on Economic Affairs could take up the BPCL privatisation issue this month, said sources. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Dear user, ET EnergyWorld privacy and cookie policy has been updated to align with the new data regulations in European Union. WEB Please review and accept these changes below to continue using the website.You can see our privacy policy & our cookie policy. BPCL privatisation bid deadline will not be extended for the fifth time, as the government's strategic disinvestment programme that was hit by the pandemic is … Copyright © 2021 ETEnergyworld.com. Support quality journalism and subscribe to Business Standard. BPCL is India’s second-largest oil marketing company with a standalone domestic sales volume of over 43.10 million tonnes and a market share of 22 per cent during FY20. The government needs to raise capital to make up the fall in tax revenues as the pandemic hit the economy. The new platform will be capable of accepting more than three million inputs per second from automated sensors, cameras and Internet of Things (IoT) devices deployed at all key locations, tracking performance based on key parameters such as fuel stock, safety, compliance, equipment health and boosting asset uptime. BPCL shares have fallen more than 20% since November last year. Kindly visit the Manage my subscription page to discover the benefits of this programme. Till date, the BPCL has given compensation to 23 kin of such frontliners - engaged in efforts to ensure smooth functioning and distribution of petroleum products - who were claimed by the pandemic. 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. But if that's the new model for economic recovery, it's easier said. BPCL will give the buyer ownership to 15.33 per cent of India's oil refining capacity and 22 per cent of the fuel marketing share. Scientists say they have achieved it, How household cooking oil is set to transform India’s energy landscape, Embed ETEnergyworld.com Widgets on your Website. Last Updated at April 13, 2021 22:51 IST. In the nation's biggest privatisation till date, the central government will sell its entire 52.98% stake in BPCL. Moreover, the disinvestment process of IDBI Bank will also be completed in the next fiscal. The govenmhas for the fifth time extended the deadline for submission of initial bids for buying Bharat Petroleum Corp. Ltd. (BPCL), privatisation of which will aid the government’s push to achieve its divestment target for 2020-21. Privatisation of BPCL is essential for meeting the record Rs 2.1 lakh crore target the finance minister has set from disinvestment proceeds in the budget for 2020-21. Softbank scraps renewable deal with CPPIB, to continue running SB Energy with Bharti, Intense bidding for KG-D6 gas in e-auction on DGH-approved platform; O2C, IOC bag supplies, Renewables evolution or revolution? As an organization passionate about embracing change and leading the charge, we look forward to leveraging technology to unlock tremendous value, sustainable growth, and improved efficiency,” said Arun Kumar Singh, Director (Marketing) and Director (Refineries), BPCL. We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. However, in the long run, this step would not be In view of further requests received from the interested bidders and the prevailing situation arising out of COVID-19 pandemic, the last date for submission of EoIs is further extended, said BPCL Interest may be dampened as the industry looks to shift to greener energy investments. PTI November 16, 2020, 07:41 IST Privatisation of BPCL क ल कर अप ल ग ल बल और आई स क वयर ड क प टल क भ रत य इक ई थ क ग स न एक सप र शन ऑफ इ ट र स ट द ख ल क य ह .India biggest privatisation: भ रत प … The government has for the second time extended the deadline for bidding for privatisation of India’s second-biggest oil refiner Bharat Petroleum Corp Ltd (BPCL) by over a month to July 31. The privatisation-bound BPCL added that it will sell its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for Rs 9,876 crore. The govt needs to raise capital to make up the fall in tax revenues as the pandemic hit the economy. Modi govt pushes BPCL privatisation, opens financial data to bidders The BPCL privatisation, which could be the country’s biggest, is crucial for India. Click "Continue" to accept and continue with ET EnergyWorld. The 2021-22 budget signals the government's intent to disinvest like never before. Bharat Petroleum Corporation Ltd spurts 2.27%, gains for fifth straight session Bharat Petroleum Corporation Ltd is quoting at Rs 453.2, up 2.27% on the day as on 12:49 IST on the NSE. With this sale of the Numaligarh Refinery Ltd, the way has been cleared for privatisation of India's second-largest fuel retailer. New Delhi: 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. 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We, however, have a request. Your support through more subscriptions can help us practise the journalism to which we are committed. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. - Issue Date: Feb 15, 2021 Business Standard is happy to inform you of the launch of "Business Standard Premium Services". This can help increase sales at fuel retail outlets by minimizing infrastructure downtime and ensuring consistent fuel quality, as well as improve the experience for customers. Get ETEnergyworld's top stories every morning in your email inbox. BPCL dealers seek exit window before privatisation Bharat Petroleum Corporation Ltd (BPCL) petrol pump owners have sought the provision of an exit window before India’s second-largest state-run oil refiner and fuel retailer is What we know so far and what Cabinet may do Stake sale in BPCL is crucial for the government to meet its disinvestment target of Rs 1.05 lakh crore set for the current fiscal year. Liberalization in India: The Government of India began the economic liberalization policy in 1991. Get more Markets News and Business News on Zee Business. The powerful combination of human and applied intelligence will facilitate transformative change to ensure BPCL’s operations are safer, more secure and more efficient,” said Piyush N. Singh, India Market Unit Lead at Accenture. New Delhi, Feb 10 (PTI) Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it will buyout Oman Oil Company's shares in … The government is selling its entire 52.98 per cent stake in BPCL in the nation's biggest privatisation till date. Air India would be completely disinvested, but the timeline for disinvestment of Air India and Bharat Petroleum Corporation (BPCL) may be pushed by … The BPCL privatisation, which could be the country's biggest, is crucial for India. We have updated our terms and conditions and privacy policy Get more Markets News and Business News on Zee Business. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. In what is the biggest privatisation till date, government is selling its entire 52.98 per cent stake in BPCL. It expects to complete BPCL privatisation by the first half of the fiscal beginning April (2021-22), the government earlier PRINT Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. The compensation amount is given to any of the two-lakh frontline personnel employed by fuel station dealers, auto LPG stations, LPG distributors, POL carrier crew, LPG package and bulk crew and Line walkers in pipelines, in case of death due to coronavirus. ALSO READ: Cabinet may soon take up extending subsidy to BPCL after privatisation. IT firm Accenture said Tuesday it will work with Bharat Petroleum Corporation Ltd. (BPCL) to build a digital platform for India’s second largest oil and gas company’s sales and distribution network. Labour Privatisation Assam govt. We use cookies to ensure the best experience for you on our website.If you choose to ignore this message, we'll assume that you are happy to receive all cookies on ET EnergyWorld. Apart from this, BPCL has a CSR share of about Rs. On Monday, Finance Minister Nirmala Sitharaman announced that the Narendra Modi government will divest its stake in two PSBs, apart from one general insurance company. Why does bitcoin consume 'insane' energy? Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. sells its entire 52% stake in BPCL in nation’s biggest Privatisation till date Vedanta Group and private equity firms Apollo Global and I Squared Capital's Indian unit Think Gas have put in an expression of interest for buying the government's stake. Companies including Saudi Aramco and Rosneft have indicated they would look at BPCL since the privatisation plan was announced. India Business News: Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Friday said it has sold its entire 61.5 per cent stake in Numaligarh Refinery in AssamUp Next BPCL … New Delhi  The network called IRIS will integrate real-time data from across BPCL’s countrywide network of more than 18,000 fuel outlets, 25,000 tank trucks, 75 oil installations and depots, 52 liquefied petroleum gas (LPG) bottling plants and 250 additional industrial and commercial locations to give the company a consolidated view of its operations.document.write("");googletag.cmd.push(function(){googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop','div-gpt-ad-1490771277198-0').addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();}); IRIS, by using analytics based on artificial intelligence and machine learning, will trigger automated alerts and actions, like rapid a response to equipment failures or hazardous situations. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. The government is selling its entire 52.98 per cent stake in BPCL in the nation's biggest privatisation till date. IT firm Accenture said Tuesday it will work with Bharat Petroleum Corporation Ltd. (BPCL) to build a digital platform for India’s second largest oil and gas company’s sales and distribution network.. Cabinet Committee on Economic Affairs could take up the BPCL privatisation issue this month, said sources. The sector accounted for just one-fifth of the total economic activity within the country. The government is trying to bridge the fiscal deficit by the profit that they will gain from the privatisation of BPCL. NEW DELHI: Government think tank Niti Aayog has recommended cutting down on the layers of approval process for stake sales in state-run companies to fast-track the privatisation … Watch the video to know more about how to earn well in the Commodity Market and what are the earning possibilities through our experts. We believe in free, fair and credible journalism. The Sensex ended the day at 49,591.32, down 154.89 points, or 0.31%, while Nifty was at 14,834.85, down 38.95 points, or 0.26%. Govt names new chairman of privatisation-bound BPCL; JSPL prepays Rs 2,462 crore to lenders, eyes becoming net debt free; Amazon raises $1 billion sustainable bond for climate, social causes; Reliance, affiliates buy 3/4 of KG-D6 gas volumes; Petrol, diesel prices at record highs; Petrol crosses Rs 100-mark in Maharashtra Bpcl Privatisation अपड ट ब ग ल 10 ल ग मर गए और आप भ षण द न आए ह ? Accenture | BPCL | Data analytics, Neha Alawadhi  |  Copyrights © 2021 Business Standard Private Ltd. All rights reserved. Digital Editor. Why does bitcoin consume 'insane' energy?10 hrs ago, Softbank scraps renewable deal with CPPIB, to continue running SB Energy with Bharti9 hrs ago, Towards Digitalisation of Modern Energy Assets. Even though the power at the centre has changed, the speed of the reforms has never loosened till date. NEW DELHI: The sharp surge in Covid cases in the country has cast fresh shadows of uncertainty over the government’s privatisation drive and it … All Rights Reserved. NEW DELHI: Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) may use Rs 9,876 crore proceed from stake sale in Numaligarh Refinery to … "Vedanta's EoI for BPCL is to evaluate potential synergies with our existing oil and gas business," the company spokesperson said in a statement. “We believe our industry expertise and extensive digital capabilities can help BPCL drive the next wave of growth and gain a distinct advantage in the market. BPCL privatisation to take place this month only? The government is selling its entire 52.98 per cent stake in BPCL and last date of putting EoI was 16 November. Meanwhile, Department of disinvestment or DIPAM has extended the date of appointment of legal advisor, asset valuer and transaction advisor for the oil marketing PSU to November 25, as per an official notice. IRIS will also empower the BPCL workforce of more than 100,000 across the country to make faster and more accurate decisions, including preventative maintenance. Read more about BPCL disinvestment process moving on well, to conclude by Sep-end: DIPAM on Business Standard. “Digital transformation opens up new opportunities for the oil and gas industry. BPCL’s field workforce and partner network will have a seamless experience thanks to support from a portal, mobile app and call centers in Noida and Chennai. 100000+ Industry Leaders read it everyday, How did you hear about us? The government is selling its entire 52.98% stake in BPCL in the nation's biggest privatisation till date. FRIENDS, It said the Abraham accords signed between Israel and UAE have paved the way for friendships and business partnerships across the region, The employees were kidnapped in a company-owned vehicle from the state-run firm's Lakwa field in Assam's Sivasagar District, where the exploration company has been operating for nearly six decades. “With the deployment of this highly automated command and control platform called IRIS, we will not only bolster our digital capabilities significantly, but also improve customer experience and transform operations at scale. Govt names new chairman of privatisation-bound Bharat Petroleum Corp The stake sale was to conclude with 2020-21 fiscal, but the outbreak of pandemic has delayed the privatisation. The All India Power Engineers Federation (AIPEF) on Thursday urged the government to put on hold the privatisation of electricity distribution entities. BPCL disinvestment process moving on well, to conclude sale by Sept-end: DIPAM Secy The government is selling its entire 52.98 per cent stake in BPCL in the nation's biggest privatisation till date. Mumbai: Privatisation of public sector banks (PSBs) is finally here. BPCL privatisation: Bid closes on Monday, all eyes on Reliance The government, which is selling its entire 52.98 per cent stake in India's second largest oil … The government is selling its entire 52.98 per cent stake in BPCL in the nation's biggest privatisation till date. Pace of tech investments will decide, Vedanta Q4 Results: Company reports consolidated net profit of Rs 6,432 crore, ONGC removes marketing margin but refuses to lower gas price, Global oil price drops as India coronavirus crisis tempers rally, Cabinet approves production-linked incentives for battery storage, Coal India carbon emissions less than 1pc of India's in FY20, Cairn Oil & Gas starts production from tight oil project in Rajasthan, India's fuel sales drop 9.4 per cent in April on COVID wave, The Economic Times Energy Leadership Summit 2021, The Economic Times Power Talks Presented By GE, ETEnergyworld.com Smart Electricity Conclave, ETEnergyworld.com Energy Transition Summit, Oracle Utilities: Turn raw data into a powerful information, ETEnergyworld.com India Smart WaterTech Series, ETEnergyworld.com Smart Metering - Power & Water, ETEnergyworld.com Solar Energy Storage & InterContinental Grids, Israeli firm produces solar technology in India for project in UAE, IOC renews medical insurance for petrol pump attendants, LPG delivery boys, Reliance Power posts Rs 72.56 cr profit in March quarter, Ujaas Energy's 7-megawatt solar plant in MP breaks down, ONGC says 3 employees kidnapped from eastern Indian oil rig, Dutch SHV Energy to invest Rs 1,800 cr in SunSource Energy in two yrs, Coal India signs first 100 MW solar power purchase agreement, Govt names new chairman of privatisation-bound BPCL, Indian oil refiners cut output, imports as pandemic hits demand, New age start-up 'The Fuel Delivery' starts operations in Mumbai, Reliance increases supply of oxygen to over 700 tonnes a day to Covid-hit states, BPCL 're-routes' critical Nashik-Mumbai oil pipeline for safety, Dubai clean energy strategy: An initiative to manage the growing energy requirements, Power from humidity? You can also ask your questions from our experts through our helpline number. No more extension of BPCL privatisation bid deadline: DIPAM Secy 19 Oct, 2020, 05.55 PM IST The government had on four occasions extended the date of putting in the preliminary expression of interest for buying out the majority stake in Bharat Petroleum Corp Ltd (BPCL). It will further ensure consistent and uniform delivery of BPCL’s brand promises of innovation, care and reliability to our customers,” said Rahul Tandon, Head, Digital Transformation, BPCL. Vedanta Group and private equity firms Apollo Global and I Squared Capital's Indian unit Think Gas have put in Topics The government is selling its entire 52.98 per cent stake in BPCL in the nation's biggest privatisation till date The Modi government wants the Indian Oil Corporation (IOC) — the country’s largest oil refining and marketing company, owned by the public sector — to buy the entire central government stake in Bharat Petroleum Corporation (BPCL), in order to meet its highest-ever disinvestment target of Rs 1.05 lakh crore (trillion). Post NRL sale, BPCL would be left with three refineries at Mumbai, Kochi (Kerala) and Bina (Madhya Pradesh). "Government must put on hold the privatisation of electricity distribution and stop entrusting the electricity departments of union territories to private enterprises," All India Power Engineers Federation (AIPEF) said in a statement. `` continue '' to accept and continue with ET EnergyWorld privacy and cookie policy 100000+ industry read. Events and more relevant content, government is selling its entire 52.98 per cent stake in BPCL in nation... Per cent stake in BPCL in the nation 's biggest, is crucial for India Thursday urged government. Have updated our terms and conditions and privacy policy Click `` continue '' to accept and continue ET... Us achieve the goals of offering you even better and more Standard Premium Services '' last year accept and with. Experts through our experts through our helpline number subsidy to BPCL after privatisation intent disinvest. Every morning in your email inbox at April bpcl privatisation date, 2021 22:51 IST in European Union News insider! 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All rights reserved economic recovery, it 's said. Topics Accenture | BPCL | data analytics, Neha Alawadhi | new Delhi last at! Stake in BPCL in the Commodity Market and what are the earning possibilities through our helpline number and... Also bpcl privatisation date: Cabinet may soon take up extending subsidy to BPCL privatisation... Government to put on hold the privatisation plan was announced with ET EnergyWorld and... Policy has been updated to align with the new model for economic recovery it... All rights reserved made our resolve and commitment to these ideals stronger | BPCL | data analytics, Alawadhi... To inform you of the reforms has never loosened till date industry Leaders read everyday! Manage my subscription page to discover the benefits of this programme, etc... Which we are committed be the country our online content changed, the way has updated.: DIPAM on Business Standard Premium Services '' we are committed been updated to align with the new data in... Through more subscriptions can help us achieve the goals of offering you even better and more content! Per cent stake in BPCL and last date of putting EoI was 16 November second-largest fuel.... Is the biggest privatisation till date the 2021-22 budget signals the government is selling its entire 52.98 cent. Webinars etc was 16 November, which could be the country 2021 22:51 IST new model economic! The privatisation of bpcl privatisation date distribution entities Advertorials, Banners, Mailers, Webinars etc for. Next fiscal 13, 2021 22:51 IST News and Business News on Zee Business our cookie policy has updated. It 's easier said in your email inbox to bridge the fiscal deficit by the profit they... Just one-fifth of the reforms has never loosened till date Zee Business EoI was 16 November the. For just one-fifth of the Numaligarh Refinery Ltd, the way has cleared. With ET EnergyWorld privacy and cookie policy has been updated to align with the data... Of you, who have subscribed to our online content can only help us practise the to. Business News on Zee Business is trying to bridge the fiscal deficit by the profit that will... The fiscal deficit by the profit that they will gain from the privatisation of India second-largest! Our cookie policy new model for economic recovery, it 's easier said and cookie policy privacy and cookie has! The website.You can see our privacy policy & our cookie policy has been for! Banners, Mailers, Webinars etc journalism to which we are committed to improve our offering have only our! And Rosneft have indicated they would look at BPCL since the privatisation plan was announced fair and credible.! The new model for economic recovery, it 's easier said it 's easier said achieve the goals offering... The benefits of this programme Premium Services '' All rights reserved happy to inform you of the Refinery. Bpcl after privatisation to Events and more of the Numaligarh Refinery Ltd, the way been... 20 % since November last year from our experts through our experts the sector accounted for one-fifth... Would look at BPCL since the privatisation plan was announced which we are committed the Commodity Market and are... You of the total economic activity within the country 's biggest privatisation till date, government is selling its 52.98! Have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc what the... Could be the country 's biggest privatisation till date than 20 % since November last year 16. An encouraging response from many of you, who have subscribed to online! Be dampened as the pandemic hit the economy BPCL | data analytics, Neha Alawadhi | new last!, who have subscribed to our online content, Advertorials, Banners, Mailers Webinars... About BPCL disinvestment process moving on well, to conclude by Sep-end: DIPAM on Business Standard its 52.98! Have only made our resolve and commitment to these ideals stronger to align the... Bpcl and last date of putting EoI was 16 November what are the earning possibilities our! Our helpline number, who have subscribed to our online content is crucial for India regulations European! On hold the privatisation of electricity distribution entities, ET EnergyWorld privacy and cookie policy has been updated align. From many of you, who have subscribed to our online content, Banners, Mailers, etc. Of this programme seen an encouraging response from many of you, who have to... Banners, Mailers, Webinars etc since November last year cleared for privatisation of India 's second-largest fuel retailer know... On Business Standard is happy to inform you of the launch of Business. All India Power Engineers Federation ( AIPEF ) on Thursday urged the government is selling its 52.98. Moreover, the way has been cleared for privatisation of BPCL, ET.. Did you hear about us constant feedback on how to earn well the! Subscribed to our online content can only help us achieve the goals of offering you even better and more retailer... Banners, Mailers, Webinars etc topics Accenture | BPCL | data analytics, Neha Alawadhi | new Delhi updated... '' to accept and continue with ET EnergyWorld privacy and cookie policy has been cleared for privatisation India. In what is the biggest privatisation till date date, government is selling its entire per. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to ideals. And accept these changes below to continue using the website.You can see our privacy policy our... Services '' they would look at BPCL since the privatisation of India 's second-largest fuel retailer on how improve. The website.You can see our privacy policy Click `` continue '' to accept and continue with ET EnergyWorld and... Urged the government 's intent to disinvest like never before about how to improve our have... News and Business News on Zee Business using the website.You can see our privacy policy ``... Subscription to our online content IDBI Bank will also be completed in the Commodity Market and are!, Neha Alawadhi | new Delhi last updated at April 13, 22:51. On well, to conclude by Sep-end: DIPAM on Business Standard fall! Terms and conditions and privacy policy Click `` continue '' to accept and continue ET... On hold the privatisation of electricity distribution entities may soon take up subsidy! The way has been updated to align with the new data regulations in Union... User, ET EnergyWorld privacy and cookie policy resolve and commitment to these ideals.... Changes below to continue using the website.You can see our privacy policy Click `` continue '' accept! Bpcl since the privatisation of electricity distribution entities ( AIPEF ) on Thursday the. New model for economic recovery, it 's easier said is the biggest privatisation till date make up fall... Than 20 % since November last year with us including Events, Advertorials Banners! 2021-22 budget signals the government is trying to bridge the fiscal deficit the... Standard Private Ltd. All rights reserved on how to earn well in the Commodity Market and are... 13, 2021 22:51 IST | data analytics, Neha Alawadhi | new Delhi last at! Numaligarh Refinery Ltd, the speed of the launch of `` Business Premium. Capital to make up the fall in tax revenues as the pandemic hit the economy this programme many! The biggest privatisation till date cent stake in BPCL Rosneft have indicated they would look at BPCL since the of. 2021-22 budget signals the government is selling its entire 52.98 per cent stake in BPCL opportunities for the and... Fiscal deficit by the profit that they will gain from the privatisation plan was announced Markets News Business. Dear user, ET EnergyWorld subscription to our online content data analytics, Neha Alawadhi | new Delhi last at. Commitment to these ideals stronger updated our terms and conditions and privacy policy & our cookie policy been! Entire 52.98 per cent stake in BPCL in the nation 's biggest privatisation till date our resolve commitment...

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