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BPCL plan Rs 12,000 crore capex for FY22, defers new projects

BPCL plan Rs 12,000 crore capex for FY22, defers new projects SECTIONS Share Synopsis The company invested Rs 11,000 crore on capex in 2020-21. BPCL management also said that it has no plans to sell its stakes in Indraprastha Gas (IGL) or Petronet LNG, both listed entities, even as the state-run oil marketing major goes for privatisation. ET Bureau BPCL) plans to invest Rs 12,000 crore in capital expenditure in 2021-22 on ongoing projects but has put other planned projects on the backburner due...
Bharat Petroleum Corporation Ltd Apollo Global Squared Capital Think Gas Clean Data Room Indraprastha Gas

BPCL says it has no intention to pare down stake in Petronet and IGL

Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Thursday said it has no intention to sell a part of its stake in Petronet LNG Ltd and Indraprastha Gas Ltd (IGL) to help its new owner avoid making an open offer for the two gas companies. BPCL holds 12.5 per cent of the shareholding in Indias largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions. As per the leg...
Department Of Investment Bharat Petroleum Corporation Ltd Exchange Board Of India Indraprastha Gas Ltd Public Asset Management Substantial Acquisition

BPCL says no intention to sell stake in Petronet LNG Ltd, Indraprastha Gas

BPCL says no intention to sell stake in Petronet LNG Ltd, Indraprastha Gas Bharat Petroleum Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Thursday said it has no intention to sell a part of its stake in Petronet LNG Ltd and Indraprastha Gas Ltd (IGL) to help its new owner avoid making an open offer for the two gas companies. BPCL holds 12.5 percent of the shareholding in Indias largest liquefied natural gas importer, Petronet, and a 22.5 percent stake in city gas retailer, IGL...
Department Of Investment Bharat Petroleum Corporation Ltd Exchange Board Of India Indraprastha Gas Ltd Public Asset Management Substantial Acquisition

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