Is Bharat Petroleum a government company?
BPCL is a public sector undertaking with the Government of India holding 54.93% stake as on 30 September 2017. On 11 September 2017 Government of India conferred BPCL with Maharatna status.
Is Hindustan Petroleum government or private?
Hindustan Petroleum Corporation Limited (HPCL) is a subsidiary of Oil and Natural Gas Corporation which is under the ownership of the Ministry of Petroleum and Natural Gas of the Government of India with its headquarters in Mumbai, Maharashtra.
What is government stake in BPCL?
The government on Thursday withdrew its offer to sell its entire 53 per cent stake in BPCL, saying that majority of bidders have expressed their inability to participate in the current privatisation process due to prevailing conditions in the global energy market.
Is the government selling BPCL?
The central government is considering selling up to a quarter of state-run refiner Bharat Petroleum Corporation Ltd (BPCL), according to a Reuters report. This comes as the government sold over 22.13 crore shares or 3.5 per cent stake in Life Insurance Corporation (LIC) through the initial public offering (IPO).
Who is Bharat Petroleum owner?
Bharat Petroleum Corporation Limited (BPCL) is an Indian government-owned oil and gas explorer and producer. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India, headquartered in Mumbai, Maharashtra.
Who is owner of Indian Oil?
Government of India
Ministry of Petroleum and Natural Gas
Indian Oil Corporation/Parent organizations
Is Cpcl a Government company?
Chennai Petroleum Corporation Limited (CPCL) is a world class Refining Company with dominant presence in South India. CPCL, formerly known as Madras Refineries Limited (MRL), was formed in 1965 as a joint venture between the Government of India (GOI), AMOCO and National Iranian Oil Company (NIOC).
Is BPCL privatised?
New Delhi: The privatisation of Bharat Petroleum Corp Ltd (BPCL), along with that of Air India, was supposed to be the highlight of the Modi government’s disinvestment programme last fiscal year.
Which is better BPCL or HPCL?
Ratios. The oil and gas industry is highly capital-intensive, the debt-to-equity ratios of all three companies are slightly on the higher side. That being said, BPCL has the lowest debt-to-equity ratio amongst its two peers, followed by IOCL and HPCL.
What is government disinvestment?
Disinvestment is when governments or organizations sell or liquidate assets or subsidiaries. Disinvestments can take the form of divestment or a reduction of capital expenditures (CapEx). Disinvestment is carried out for a variety of reasons, such as strategic, political, or environmental.
Who is the head of Bharat Petroleum Corporation Limited?
Arun Kumar Singh –
Arun Kumar Singh – Chairman and Managing Director – Bharat Petroleum Corporation Limited | LinkedIn.
Who is the CEO of Bharat Petroleum?
Bharat Petroleum is proud to announce that our Chairman & Managing Director Mr S Varadarajan has been adjudged as the Best CEO in the Oil and Gas Sector by Business Today. He received the Best CEO Award from Mr.
Why join Bharat Petroleum?
At Bharat Petroleum, we help you take your career to the next level. Bharat Petroleum is a great place to work, where your voice is heard and your opinions are valued.
How do I contact Bharat Bhavan?
Telephone. Fax. Chairman & Managing Director. Bharat Bhavan, 4 and 6 Currimbhoy Road, Ballard Estate, Mumbai 400001. 022-22713000. 022-22714000.
When did the Asiatic Petroleum Company start cooperation with Burma Oil Company?
In 1928, Asiatic Petroleum Company (India) started cooperation with Burma oil company. Asiatic Petroleum was a joint venture of Royal Dutch, Shell and Rothschilds formed to address the monopoly of John D Rockefeller’s Standard Oil, which also operated in India as Esso.