BPCL takeover is not privatisation but theft, says Rahul Gandhi

Addressing the ‘Save BPCL Save India’ campaign by Congress, he tore into PM Modi

published on : 8th December 2019

Deloitte appointed as advisor for BPCL privatisation

The completion of the stake sale in BPCL by March 2020 is crucial to the government for mobilising more than Rs 65,000 crore to narrow the fiscal deficit.

published on : 29th November 2019

Kerala High Court stays strike by trade unions against BPCL divestment bid

It was submitted that any strike by the unions is not legal or justifiable, as it goes against Section 22 of the Industrial Disputes Act and the judgments of the Supreme Court, said BPCL. 

published on : 27th November 2019

Moody's reviews BPCL's rating for downgrade on government stake sale

The ratings placed on review for downgrade include BPCL's ba1 baseline credit assessment, its Baa2 issuer rating and Baa2 backed senior unsecured rating for Bharat PetroResources Ltd.

published on : 26th November 2019

Madras High Court restrains BPCL employees in Tamil Nadu from going on strike

Raising objections to the move, over 20 different employees unions of BPCL called for a nationwide strike.

published on : 25th November 2019

Trade unions go hammer and tongs against BPCL privatisation move

 Cutting across political lines, trade unions have intensified their protest against the move of the union government to privatise Bharat Petroleum Corporation Ltd (BPCL).

published on : 23rd November 2019

Chowdhury raises BPCL disinvestment in LS, says government on 'selling spree of family silver'

Raising the issue during zero hour, Chowdhury referred to the cabinet clearing strategic disinvestment in Bharat Petroleum Corporation Ltd and four other central public sector undertakings.

published on : 22nd November 2019

BPCL sale could help government achieve goal

However, the appetite for the buy may be low given that the global oil market is facing a slump.

published on : 22nd November 2019

PM Modi should talk to experts, political parties to tide over economic crisis: Mamata Banerjee

The West Bengal CM asserted that shoring up funds by selling off government stake in central public sector firms (CPSUs) could only provide temporary respite.

published on : 21st November 2019

Indian Oil Corporation, other PSUs not to bid for BPCL, hints Dharmendra Pradhan

Pradhan said the privatisation of BPCL was following the policy of ushering in greater competition in sectors that can sustain on their own.

published on : 21st November 2019

Ex-Union Petroleum Minister Veerappa Moily expresses shock over BPCL disinvestment decision

Asking the Centre to withdraw its decision, Moily reminded it that the first prime minister Jawaharlal Nehru had nationalised the British company to make India strong in the energy section.

published on : 21st November 2019

BPCL, SCI shares hit a 52-week high after privatisation move; pares gain later

BPCL which opened the day 0.92 per cent higher at Rs 549.70 -- its 52-week high -- later erased the gains and fell to a low of Rs 527.35, down 3.17 per cent over its previous close on BSE.

published on : 21st November 2019

Modi government selling the country: Congress on BPCL disinvestment decision

The Cabinet on Wednesday approved a strategic divestment of the government's 53.29 per cent stake in BPCL, along with transfer of certain management control.

published on : 21st November 2019

Government approves biggest privatisation drive; to sell stake in BPCL, SCI, Concor

Parallelly, the Cabinet has approved reducing government's stake in select PSUs such as Indian Oil Corp (IOC) to below 51 per cent while continuing to retain management control.

published on : 20th November 2019

Assam CM petitions Modi to maintain PSU status of Numaligarh Refinery

The refinery is a fruit of the historic Assam Accord of 1985 signed between All Assam Students’ Union and the Centre at the end of the six-year-long bloody anti-immigrants' agitation.

published on : 19th November 2019
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