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Privatisation-bound BPCL may sell some stake in IGL, Petronet


Privatisation-bound BPCL may sell some stake in IGL, Petronet
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A way out could be for BPCL to sell a part of its shareholding in the two firms and shed promoter status, thereby obviating the need for open offers.
4 min read
. Updated: 25 May 2021, 01:01 PM IST PTI
BPCL holds 12.5% of shareholding in India s largest liquefied natural gas importer, Petronet, and a 22.5% stake in city gas retailer, IGL
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Privatisation-bound Bharat Petroleum Corporation (BPCL) may sell a part of its stake in Petronet LNG and Indraprastha Gas (IGL) to shed its promoter status to obviate the need for its new owner to make open offers for the two gas companies, sources said. ....

Apollo Global , அப்பல்லோ உலகளாவிய ,

'Clean Data Room' with sensitive info on BPCL to open for bidders signing additional pact


Clean Data Room with sensitive info on BPCL to open for bidders signing additional pact
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Last Updated: May 23, 2021, 11:18 AM IST
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Synopsis
A virtual data room, mostly containing financial information on BPCL, was opened in the second week of April and qualified bidders signing Confidentiality Undertaking (CU) have been given access, three sources with direct knowledge of the matter said.
PTI
Bidders vying to buy government stake in
Bharat Petroleum Corporation Ltd (BPCL) will be given access to a Clean Data Room containing commercially sensitive information on the firm subject to their signing an additional confidentiality agreement, sources said. ....

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Sterlite Copper plant in Tamil Nadu resumes oxygen production


Sterlite Copper plant in Tamil Nadu resumes oxygen production
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Last Updated: May 19, 2021, 12:42 PM IST
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Synopsis
The oxygen generated is being stored at our on-site facilities and will be distributed as per the directions of the state government and concerned nodal officers. The company had roped in experts from the Indian Space Research Organisation to rectify the glitch.
The facility at Tuticorin district began producing medical oxygen, on May 13, to meet the demand for the life- saving gas following a surge in COVID cases in the state.
Vedanta Ltd owned Sterlite Copper resumed production of medical oxygen at its unit in Tamil Nadu, days after it faced a technical snag, leading to a halt in operation, the company said on Wednesday. We are glad to share that the disruption in the oxygen plant has been rectified and have now restarted production, the company said in an update. ....

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Anil Agarwal Led Vedanta Sets Up A 100-Bed COVID Care Facility In Haryana's Gurugram


by Swarajya Staff - May 17, 2021 06:35 AM
Industrialist Anil Agarwal speaking to college students in Delhi. (Photo by Sanjeev Verma/Hindustan Times via Getty Images)
Mining and metals tycoon, Anil Agarwal led Vedanta Limited has set up a 100-bed medical facility in Haryana’s Gurugram to bolster the State’s capacity to cope with the surging cases of COVID-19,
Economic Times.
The facility has been set up at Tau Devi Lal Stadium. As many as 90 beds at the facility are equipped with oxygen support and another 10 are equipped with ventilator support for critical patients.
Issuing a statement, Agarwal said, “We are working closely with government bodies and local administration to provide medical facilities and hospital care to those in need.” ....

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