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BPCL Trust to sell its 4% stake through block deal on Tuesday

BPCL Trust for Investment in Shares held 9.33 per cent stake in the company as on 30 Sep 2020. ....

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Dividend payout hope post Numaligarh Refinery deal drives BPCL stock

Investors of Bharat Petroleum Corporation (BPCL) were handsomely rewarded on Tuesday as market participants rushed to the counter on hopes of special dividend payout. Shares of the state-owned refinery ended 3 per cent higher on the BSE, at Rs 469 per share, as its Board approved to offload the firm s holding in the Numaligarh Refinery unit for Rs 9,878 crore ($1.3 billion) as part of BPCL s privatization process. Earlier today, the share hit a fresh 52-week high of Rs 482.4 apiece, up 6 per cent on the BSE in the intra-day trade.
The country s second-biggest state refiner will sell its 61.65 per cent holding in Numaligarh Refinery to a consortium of Oil India Ltd. and Engineers India Ltd. and may also include the state government of Assam, according to an exchange filing. ....

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BPCL share rises over 4% as firm's Q3 earnings beats estimates

BPCL share rose over 4% in early trade today after the PSU reported better than expected earnings for Q3. BPCL stock opened with a gain of 2.41% at Rs 430 against previous close of Rs 419.90 on BSE. The stock touched an intraday high of Rs 438.75, rising ....

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