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Vedanta June quarter earnings likely to fall amid weaker commodity prices across segments

Vedanta June quarter earnings likely to fall amid weaker commodity prices across segments
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

BPCL to consider 100% ownership of Bina refinery

BPCL to consider 100% ownership of Bina refinery FE Bureau © Provided by The Financial Express The BPCLstock closed at Rs 398.7 on the BSE on Tuesday, falling 1.74% over Monday s closing. Clearing the decks for the privatisation process, state-run oil refiner and marketer BPCL on Tuesday said the company’s board would on Wednesday take a call on buying a 36.6% equity share in Bharat Oman Refineries (BORL) - the unit that runs the 7.8 million tonne Bina refinery - from OQ S.A.O.C (formerly known as Oman Oil Company). BPCL already owns the majority 63.4% stake in BORL. Sector experts believe the acquisition of the remaining stake will smoothen the divestment process of the government’s 52.98% stake in the oil marketing firm.

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