Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it will buy out Oman Oil Company's shares in the Bina refinery project for about Rs 2,400 crore.BPCL holds a 63.68 per
Read more about BPCL to buy out Oman Oil s 36.62% stake in Bina refinery for Rs 2,400 cr on Business Standard. Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it will buyout Oman Oil Company s shares in the Bina refinery project for about Rs 2,400 crore.BPCL holds a 63.68 per cent stake in Bharat Oman Refineries Ltd (BORL),
tmrFebruary 1, 2021
Aerospace and Defense Fuel Market: Overview
The aerospace and defense fuel market may record a stable growth across the forecast period of 2019-2028 due to a plethora of factors, with the growing numbers of economical aircraft in the aviation industry being one of the prime factors. According to some statistics, air traffic may increase considerably across the forecast period barring the COVID-19 lockdown period.
The SARS-CoV-2 outbreak has disrupted the global aviation industry and has a direct impact on the growth rate of the aerospace and defense fuel market. The post-lockdown era may hopefully see the aerospace and defense fuel market on the greener side as international travel resumes when countries ease border restrictions. Meanwhile, the defense sector continues to boost the growth of the aerospace and defense fuel market as the demand for surveillance aircrafts increases.
Sultanate and India have been strategic partners for decades
By: Sarweshwar Biyani
Sarweshwar Biyani
Muscat: With a population of 1.3 billion people, the way India has controlled the COVID-19 pandemic is truly appreciable.
Now, when the world has started using vaccine to get rid of coronavirus, question arises what should India do to promote itself and bring the economy back on tracks.
The biggest task before opening the door post-COVID era is to vaccinate each Indian citizen amidst the challenges viz. logistic, storage of vaccines at designated temperature, digital registration of beneficiaries and monitoring post vaccination health issues. We hope that India would be able to vaccinate its people effectively.
Privatization of BPCL may not be over by FY21-end
File photo of a BPCL refinery in Mumbai. The sale of the government’s 52.98% stake in the company is expected to fetch around ₹45,000 crore.
(Reuters)
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The government’s plan to privatize Bharat Petroleum Corp. Ltd (BPCL) is unlikely to be completed by the end of the fiscal year because of the time required to get regulatory clearances for the transaction.
“It has to go to the Competition Commission of India, which will take some time. Since it is a listed company, the winner has to make an open offer, which will also take time. Regulatory requirements may delay the process even after receiving the financial bids. Everything is a well laid-out process, so nothing can be rushed through, a finance ministry official said on condition of anonymity.