Roadshows for state-run BPCL’s (Bharat Petroleum Corporation Limited) strategic stake sale is expected to begin on Friday, people aware of the development told CNBC-TV18. According to sources, roadshows for BPCL’s strategic stake sale is expected to be held in London, US cities, and Dubai.
State-owned oil marketing company Bharat Petroleum Corporation Limited (BPCL) has introduced point-of-sale (POS) machines with their distributors to enable consumers to use their credit or debit cards for the payment of LPG cylinders delivered to their homes.
In one of the stories in Aesop’s Fables, a villager and his wife owned a hen that laid a golden egg every day. They presumed that the hen must contain a great lump of gold in its womb, and in order to get the gold, they killed her.
A grouping of public sector officers’ associations wants the government to drop the idea of privatising Bharat Petroleum Corporation Limited (BPCL) but said it would not go for a strike to press its cause as it was faced with a “mighty” government.
NextGen Digital Fuelling initiatives, aimed at providing greater transparency and building customer trust, has been launched by public sector Bharat Petroleum Corporation Ltd.
The Petrol Pump Dealers Association, Punjab, in a letter addressed to Deputy Commissioner, Jalandhar, has raised objection over issuance of a no objection certificate (NOC) to Bharat Petroleum Corporation Limited (BPCL) for setting up a petrol pump on the NH-03 (old NH-70) near the upcoming Chuharwali toll plaza.
Notwithstanding the government’s stance on completing the privatisation of public sector Bharat Petroleum Corporation Ltd (BPCL) by March 2020, there is a fear that few companies, including global majors, would be willing to mobilise as much as Rs 1 lakh crore to complete the transaction.
The government’s move to sell its entire 53.29 per cent stake in oil refiner and retailer Bharat Petroleum Corporation (BPCL) will help attract fresh investments for modernisation and expansion of operation, according to industry chamber Federation of Indian Chambers of Commerce and Industry (FICCI).
The government has agreed to sell its stakes in some state-run companies including oil refiner Bharat Petroleum Corp (BPCL), finance minister Nirmala Sitharaman said on Wednesday, a decision that could help New Delhi bridge a widening fiscal gap.
India’s cabinet is expected to evaluate a proposal to sell the government’s stake in state-run Bharat Petroleum Corp (BPCL.NS) next week, a government source said. The Indian government plans to sell its entire 53.29% stake along with management control in BPCL for about $10 billion.