State-run Bharat Petroleum Corp. Ltd (BPCL) plans to set up a petrochemicals unit at its Bina refinery in Madhya Pradesh as part of its Rs25,000-crore expansion plan for the refinery
The Modi government’s plans to strengthen Central Public Sector Enterprises (CPSEs) through consolidation, mergers, and acquisitions got a huge positive response from the stock market participants.
Manish Vaid Analyses if PSUs oil merger offer synergy in energy? Says that ‘few business marriages are made in heaven’ and compatibility of merging companies should always be the driving force of any mergers. It is only then one can imagine synergy in energy in any M&A propositions
State-owned oil firms IOC, BPCL and HPCL have cornered a third of the 31 small discovered oil and gas fields awarded in the first auction in more than six years.
The ministry of petroleum and natural gas has started discussions with state-run oil and gas companies to take forward the Budget proposal to create a globally competitive “oil major” by consolidating the firms.
After finding oil marketing companies (OMCs) lagging behind in meeting their targets, petroleum minister, Dharmendra Pradhan has asked OMCs to step up efforts to allot more retail outlets (ROs) to SC and ST candidates
“We propose to create an integrated public sector ‘oil major’ which will be able to match the performance of international and domestic private sector oil and gas companies.” With this Budget 2017 speech Finance Minister set the ball rolling on merger of public sector oil companies. Analysts have welcomed the move but say that such […]
The proposed merger of India’s state-owned oil companies would face significant execution challenges related to managing integration of employees
India’s Bharat Petroleum Corp will shut a 120,000 barrels per day (bpd) crude oil processing unit for about a month from around the end of February or early March for maintenance, its head of refineries said on Friday.
Shares of oil marketing companies such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) hit new all-time highs of Rs 392.70, Rs 726 and Rs 549.95, respectively, in Friday’s trading session.