BPCL has raised $600 million by selling 10-year dollar bonds to investors in Asia and Europe. BPCLÂ’s Singapore arm BPRL International Singapore Pte Ltd raised the money at 200 basis points above the 10-year US treasury which came to around 4.375per cent. The bond was raised at a rate which is among the best in 10 years. This issue is also expected to open the door for more Indian companies to raise money.
Tag: BPCL
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HPC-led Skill Development Institute partners with NSDC under Skill India
Under the government´s Skill India mission, oil PSUs have initiated skill development initiatives for unemployed youth. Oil PSU members, viz., HPCL, IOCL, BPCL, ONGC, OIL, GAIL, EIL and Balmer Lawrie have come together to set up a Skill Development Institute in Visakhapatnam (SDI-Vskp).
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MSRTC files pliant against HPCL, BPCL, IOC
The Maharastra State Road Transport Corporation (MSRTC) has complained to state Legal Metrology Department (LMD), accusing HPCL, BPCL and IOC of ´short delivery´. Chief Vigilance Officer (CVO) of MSRTC Vineet Agrawal said a complaint was lodged with LMD on September 19.
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LNG terminal on the back burner
Two years after Oil and Natural Gas Corporation (ONGC), with its consortium partners Bharat Petroleum Corporation Limited (BPCL) and Japanese conglomerate Mitsui, signed a memorandum of understanding (MoU) to set up a regasification liquefied natural gas (LNG) terminal at New Mangalore Port, the project is again on the back burner.
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Open Sesame!
Public Sector Units (PSUs) will be pushing the growth engine of the country, be it through almost 18 lakh acres of land reserves with these companies or the cash reserves of almost Rs 2,00,230 crore kept as bank deposits by these enterprises.
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BPCL to double refining capacity
Bharat Petroleum Corporation (BPCL) aims to double its refining margins once it completes the expansion and upgrade of its Kochi refinery in Kerala
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BPCL to invest Rs.13,000 cr in overseas projects
Bharat Petroleum Corporation Ltd (BPCL) plans to invest Rs13,000 crore in energy exploration and production in Mozambique and Brazil over the next four years.
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First cross-country pipeline to connect Bangladesh
Assam-based Numaligarh Refineries, a subsidiary of Bharat Petroleum Corporation, will shortly begin work on laying a product pipeline from Siliguri in West Bengal to Parbatipur in Bangladesh.
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Re-igniting the spark
With government taking initiative to de-bottleneck the energy sector growth and boost country´s economy, oil and gas majors are busy addressing risk factors and multitasking to integrate their business model in order to ensure future growth, says Pradeep Pandey.
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LNG terminal in Mangalore
Union Minister for Petroleum and Natural Gas M Veerappa Moily has stated that work on the new LNG import terminal at Mangalore will begin in next November. A feasibility study on the terminal is being carried out by a consortium of ONGC, BPCL, Mitsui and New Mangalore Port Trust (NMPT). The planned LNG terminal is with a capacity of 2-3 million tonne per annum.