|Bid||398.35 x 0|
|Ask||398.50 x 0|
|Day's range||395.95 - 412.65|
|52-week range||252.00 - 510.00|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||22.60|
|Earnings date||06-Aug-2019 - 10-Aug-2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
India's Vedanta Ltd, the billionaire Anil Agarwal-controlled metals-to-oil conglomerate, said on Wednesday it was interested in buying the government's stake in the state-run Bharat Petroleum Corp Ltd, India's largest fuel retailer. “Vedanta's expression of interest (EoI) for BPCL is to evaluate potential synergies with our existing oil & gas business," the company said in a statement, adding that The EoI was at a "preliminary stage and exploratory in nature."
The Indian government has received a "sufficient and good response" regarding the privatisation of state refiner Bharat Petroleum Corp Ltd and will not extend the deadline for private firms submitting initial bids, two sources said on Monday. The government had extended the deadline for bids for BPCL, one of India's most profitable state-owned companies, as the pandemic delayed the process that was initially expected to be completed by October. The deadline to submit bids to buy the government's entire stake in BPCL is Nov. 16.
India's Bharat Petroleum Corp has put on hold its plans to expand its Bina refinery and install a secondary unit at its Mumbai refinery to boost efficiency pending privatisation of the company, its head of finance N. Vijayagopal said. The federal government wants to sell its 53.29% stake in BPCL, the country's second-largest state-run refiner, to raise funds to rein in a ballooning fiscal deficit. "It is for the new owner to decide whether they want and have the flexibility to add refining capacity," Vijaagopal told an analyst conference.