Bharat Petroleum

Dry fuel stations spark concerns across Tamil Nadu, consumers hit hard

While dealers said that they are not getting adequate supply from oil majors, Petroleum Ministry officials assured that there is enough stock.

published on : 17th June 2022

BPCL stops all disinvestment-related activities after government puts off privatisation

The move by the central government to call off the expression of interest followed two out of the three bidders walking out. BPCL had in April last year opened a virtual data room.

published on : 8th June 2022

Public sector sell-offs flounder on scams, lack of will 

The Union government has called off its privatisation process for high-profile Bharat Petroleum Corporation (BPCL) following 2 of the 3 bidders backing out.

published on : 29th May 2022

'Most bidders unable to participate': Finance Ministry drops plan to sell 53 per cent stake in BPCL

The privatisation was stalled after two bidders walked out over issues such as lack of clarity in fuel pricing, with just one bidder left in the fray.

published on : 26th May 2022

BPCL privatisation stalled as two bidders walkout, one left

The government had planned to sell its entire 52.98 per cent stake in Bharat Petroleum Corporation Ltd (BPCL) and invited Expression of Interest from bidders in March 2020.

published on : 18th May 2022

BPCL to invest Rs 200 crore to set up 100 fast EV charging corridors with 2,000 stations

The company has recently opened its first EV charging corridor along the Chennai-Trichi-Madurai highway with one charging unit.

published on : 13th April 2022

Odisha signs MoU with BPCL for setting up hydrogen plants

Development Commissioner Pradeep Jena said this is a momentous occasion when a company like BPCL has joined hands with the State government for production of renewable green energy.

published on : 12th April 2022

Indian fuel retailers lost $2.25 billion in last five months: Moody’s

This equates to around 20% of the combined FY2021 EBITDA for the three entities,” reads the report.

published on : 25th March 2022

Privatisation-bound BPCL replaces Polyols with Polypropylene project in Kochi

BPCL had said the company was not pursuing the Polyols project due to revised cost estimates, which are much higher than the original estimate.

published on : 15th February 2022

Budget 2022: ONGC, IOC, others to spend Rs 1.11 lakh crore capex in FY23

The capex spending of Rs 1.11 lakh crore in 2022-23 compares with a revised estimate of Rs 1.04 lakh crore for the current fiscal year that ends in March, according to Union budget documents.

published on : 2nd February 2022

BPCL to invest Rs 22,000 crore on development of city gas distribution networks

The CGD footprints of BPCL, along with its JYs, will now extend to 48 GAs covering 94 districts in 18 states.

published on : 25th January 2022

Vedanta Group to spend $12 billion to buy state-owned BPCL

Vedanta Group on Thursday informed that it is willing to spend $12 billion to acquire India’s state-owned refiner Bharat Petroleum Corporation Limited.

published on : 14th January 2022

Govt gets Rs 15,237 crore dividends from CPSEs so far this year

The government received Rs 1,560 crore from NTPC, Rs 1,426 crore from Coal India and Rs 1,406 crore from ONGC.

published on : 28th October 2021

Union government gets Rs 6,665 crore dividend from BPCL for FY21

The government is selling its entire 52.98 per cent stake in BPCL.

published on : 27th October 2021

Kochi: BPCL to provide grants and investments to two startup ventures

BPCL and Kerala Startup Mission are now working together to find promising new startups to support.

published on : 17th December 2017

Crude oil opens new vistas in India-US relationship  

With this India, the world's third-largest oil importer, joins Asian countries like South Korea, Japan and China to buy American crude after production cuts by OPEC.

published on : 17th August 2017

BPCL makes its first U.S. oil purchase, buys Mars, Poseidon

BPCL is the second Indian refiner to buy U.S. Gulf crude after Prime Minister Narendra Modi's visit to Washington last month.

published on : 16th July 2017