India: BPCL Trust to sell upto 4% shares via block deal worth for $517m dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
REFINERY NEWS ROUNDUP: More closures likely in Asia-Pacific
After two refineries in Australia have announced plans to close, Ampol, formally known as Caltex Australia, said it will complete the comprehensive review of its Lytton refinery by the end of H1 2021, which would provide an indication on the refinery’s future.
The company has said previously that “the review will consider all options for the facility’s operations and for the connected supply chains and markets it serves.”
Meanwhile refineries in India have ramped up runs but are still running below pre-pandemic levels.
India’s Reliance Industries Ltd recorded a combined run of 96% at its two refineries at Jamnagar in January, down from 99% a year earlier, oil ministry officials said, confirming that the complex was still to attain pre-pandemic levels. For the first 10 months of the current fiscal year combined runs stood at 89.5%, compared with 101% in the April-January period the previous fiscal year, mainly a
Nifty, Sensex will follow global cues on tech stocks and inflation – Weekly closing report moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
Bharat Petroleum Corporation Ltd to sell stake for Rs 9,876 crore
The privatisation-bound BPCL added that it will sell its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for Rs 9,876 crore.
| 2 March 2021 2:22 AM GMT
NEW DELHI: The Bharat Petroleum Corporation Ltd (BPCL) on Monday said that it will exit Numaligarh Refinery in Assam. The privatisation-bound BPCL added that it will sell its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for Rs 9,876 crore.
With this sale of the Numaligarh Refinery Ltd, the way has been cleared for privatisation of India s second-largest fuel retailer.