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Tag: Bpcl

BPCL
Govt Looks At Exit Option While BPCL Seeks Open Offer Exemption

Privatisation bound Bharat Petroleum Corporation Ltd is seeking exemption for successful bidder of the company from mandatory open offer to be made to shareholders of two promoted companies - Petronet LNG and Indraprastha Gas Ltd.

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BPCL May Buy Out Oman Oil From Bina Refinery Before Disinvestment

New Delhi: Disinvestment-bound Bharat Petroleum Corporation Ltd (BPCL) may buy out the entire stake of OQ, the erstwhile Oman Oil Company (OOC), in its refinery joint venture in Madhya Pradesh, the Bharat Oman Refineries Ltd (BORL). Government sources said that the BORL became a subsidiary of BPCL in March this year and the next step […]

bpcl
BPCL Strategic Disinvestment To Sail Through Without Further Extensions

New Delhi: Government is confident that the strategic sale of Bharat Petroleum Corporation Ltd (BPCL) may go through without any further need to extend the bidding deadlines. The deadline for submitting the Expressions of Interest (EoI) for 52.98 per cent stake in the BPCL will end on July 31. BPCL disinvestment has received interest from […]

VP To Inaugurate LPG Bottling Plant In Odisha On Dec 27

Bolangir: A new LPG bottling plant set up at a cost of Rs 103 crore by Bharat Petroleum Corporation Limited (BPCL) in Bolangir district will be inaugurated by Vice President M Venkaiah Naidu on December 27. The plant with a capacity to produce 42 lakh cylinders per year is scheduled to be dedicated to the […]

BPCL
BPCL privatisation: Past challenges push govt to get fresh legal opinion

New Delhi: It may still be a long road ahead for privatisation of public sector oil refiner Bharat Petroleum Corporation Ltd (BPCL). The possibility of legal challenge over any plan to sell the government stake in the oil PSU has pushed executives and government officials to seek fresh legal opinion on the proposed disinvestment move. […]

Air India Owes Rs 5,000 Cr In Fuel Dues; Hasn't Paid In 230 Days: Oil Cos

New Delhi: Air India owes three state-owned oil firms Rs 5,000 crore in unpaid fuel bills with payments being delayed by almost eight months, forcing retailers to snap supplies, Indian Oil Corp (IOC) said on Friday. IOC, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) on Thursday afternoon stopped jet fuel or […]

BPCL
Bargarh Ethanol plant: Construction firm accused of sand, minerals theft

Bargarh: A Mumbai-based company hired for the construction of Bharat Petroleum Corporation Limited’s (BPCL) ethanol plant at Baulasingha in Bargarh district has been accused of illegally extracting sand and minerals from the region. According to reports, Bijay builders which has been awarded the contract of constructing the boundary wall of the ethanol plant is allegedly […]

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Foundation stone of country's first ethanol plant laid in Bargarh

Bargarh: Odisha Governor Ganeshi Lal today laid the foundation stone for establishment of the second generation (2G) ethanol Bio-Refinery, first in the country to produce ethanol from rice straw at Baulasingha village under Bhatli in Bargarh district. Union Petroleum and Natural Gas (PNG) Minister Dharmendra Pradhan, Minister of Handloom and Textiles of State Snehangini Chhuria, […]

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BPCL to set up LPG bottling plant in Bolangir

  Bolangir: Bharat Petroleum Corporation Limited (BPCL) will set up an LPG bottling plant at Barkani in Bolangir and the foundation stone for the same will be laid on May 21 by Union Petroleum Minister, Dharmendra Pradhan. Apart from Pradhan, Union Social Justice and Empowerment Minister, Thawar Chand Gehlot, BJD MP Kalikesh Narayan Singh Deo, […]

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Lifers get another chance at life, may soon run petrol pumps

Bhubaneswar: Following in the path of Telangana Government, the Odisha Prisons department is contemplating to give life term prisoners in the state another chance at life. It is gearing up to engage them to run petrol pumps in various jail circles in the state. Upbeat with the success achieved by Telangana government, Odisha will be […]

Pradhan writes to Patnaik for help on ethanol plant

Bhubaneswar: Union Petroleum Minister Dharmendra Pradhan has sought Odisha Chief Minister Naveen Patnaik’s assistance for setting up a Rs 750-crore ethanol plant in Bargarh district, as part of measures to promote eco-friendly alternative fuel. The plant is proposed to be set up by Bharat Petroleum Corporation Ltd (BPCL) at Baulsingha in the district, he said. […]

Diesel to be available online soon!

New Delhi/Bhubaneswar:  People will not have to go to filling station for diesel anymore as they can buy the fuel online soon. Oil marketing companies like Indian Oil, HPCL and BPCL are planning to start online retailing of diesel to cater to rural customers and commercial establishments. The companies are awaiting a final approval from […]

BPCL
BPCL plans to raise Rs 2,000 crore

Mumbai: State-run oil marketing company Bharat Petroleum Corporation Ltd (BPCL) on Friday said that it plans to raise up to Rs 2,000 crore through private placement of secured non-convertible debentures during the current financial year. The company informed the Bombay Stock Exchange (BSE) that last year its shareholders had approved “private placement of non-convertible bonds/debentures […]

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3 investment projects get Single Window clearance

Bhubaneswar: State Level Single Window Clearance Authority (SLSWCA) today accorded in-principle approval to three investment projects worth Rs 874 crore. Approving the projects at the SLSWCA meeting, chief secretary Aditya Prasad Padhi directed the concerned departments to facilitate early take-off of these projects by expediting the process for various compliances. Briefing newsmen after the meeting, […]