Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 103397.43 Crore) operating in Gas & Petroleum sector.
Oil pumping jacks in Russia. (Photographer: Andrey Rudakov/Bloomberg)
Oil & Gas Sector Update - High Oil Good For Oil India, GAIL; May Hit GRM, Marketing Margins: ICICI Securities
Jun 03 2021, 3:57 PM
June 03 2021, 3:57 PM
June 03 2021, 3:57 PM
BQ Blueâs special research section collates quality and in-depth equity and economy research reports from across Indiaâs top brokerages, asset managers and research agencies. These reports offer BloombergQuintâs subscribers an opportunity to expand their understanding of companies, sectors and the economy.
BQ Blueâs special research section collates quality and in-depth equity and economy research reports from across Indiaâs top brokerages, asset managers and research agencies. These reports offer BloombergQuintâs subscribers an opportunity to expand their understanding of companies, sectors and the economy.
A not so happy news for consumers on the petrol and diesel prices front. The prices of petrol are expected to go up further by Rs 2-3 soon while that of diesel to Rs 1-2. While this will certainly have an impact on the pockets of the common man, oil marketing companies like Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) are expected to gain. Zee Business’ Chetan Bhutani brings this exclusive report.
Citing his top government sources, Bhutani said that the prices of petrol and diesel could increase further in the immediate term. While this could hit consumers, all the three OMCs will likely benefit from it, he said.
On May 10, PESB picked Arun Kumar Singh as the next Chairman and Managing Director of BPCL.
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Arun Kumar Singh, currently, director, marketing at BPCL and holding additional charge of Director, Refineries, is expected to assume the role of CMD from January 1 after human resources director K Padmakar leaves the company on December 31 on retirement. Padmakar is also holding additional charge of chairman and managing director.
The two selections of PESB will have to be ratified by the Appointments Committee of the Cabinet led by Prime Minister Narendra Modi.
Sources said that the PESB selections indicate the government’s thinking to not let the firm suffer from lack of top executives in case the on-going privatisation process is delayed.