Cabinet may take up BPCL privatisation this month

Cabinet may take up BPCL privatisation this month

Union Cabinet is likely to take up the strategic disinvestment of the entire stake of government of India along with transfer of management control in oil marketing PSU – BPCL this month to push ahead the exercise, sources said.

Crude oil futures slip by Rs 59 at Rs 4,034 per barrel

Crude oil futures slip by Rs 59 at Rs 4,034 per barrel

Crude oil futures on Friday fell by Rs 59 to Rs 4,034 per barrel after participants reduced positions, tracking a subdued trend in global markets. On the Multi Commodity Exchange, crude oil prices for November delivery dropped by Rs 59, or 1.44 per cent, to Rs 4,034 per barrel with a business volume of 26,575 lots.

Sterlite Power inks pact to sell Arcoverde project

Sterlite Power inks pact to sell Arcoverde project

Sterlite Power on Wednesday said that it has signed the sale agreement for its first power transmission asset operating in Brazil – the Arcoverde Project. The project is responsible for expanding the flow of renewable energy in the countryside region of Pernambuco, the company said.

IOC maintains interest in BPCL, may bid on lower offer size

IOC maintains interest in BPCL, may bid on lower offer size

The country”s largest public sector refiner and retailer, Indian Oil Corporation (IOC), may consider bidding for the Centre”s stake in Bharat Petroleum Corporation Ltd (BPCL) if such a need arises and the government agrees to reduce the quantum shares on offer in the company, including a waiver from mandatory open offer.

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