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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Bharat Petroleum Corporation Limited    BPCL   INE029A01011

BHARAT PETROLEUM CORPORATION LIMITED

(BPCL)
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Bharat Petroleum : India Government Extends Deadline for BPCL Stake Bids

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09/30/2020 | 09:47pm EDT

By P.R. Venkat

The Indian government has extended the deadline to submit bids for Bharat Petroleum Corp., giving interested parties another month to make offers for the oil-and-gas company.

The closing date has been extended to Nov. 16 in light of requests from potential bidders and difficulties caused by the pandemic, the Department of Investment and Public Asset Management said on its website Thursday.

India has partially eased the pandemic lockdown it imposed in late March to contain the spread of the pandemic. Despite that, travel and business operations are yet to return to pre-pandemic levels.

The government had in March invited bids for its 53% stake in BPCL, the country's second-largest oil retailer, as part of the efforts to speed up the privatization process. It has a nearly 26% share of the market, with about 14,800 retail outlets.

BPCL, which is listed on the Bombay Stock Exchange, has a market capitalization of over $10 billion.

BPCL is also a refining company with an installed refining capacity of 38.3 million metric tons a year and accounts for 15% of India's total refining capacity.

 

Write to P.R. Venkat at venkat.pr@wsj.com

 


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Financials
Sales 2021 1 987 B 26 881 M 26 881 M
Net income 2021 62 583 M 847 M 847 M
Net Debt 2021 497 B 6 719 M 6 719 M
P/E ratio 2021 11,6x
Yield 2021 3,45%
Capitalization 751 B 10 154 M 10 157 M
EV / Sales 2021 0,63x
EV / Sales 2022 0,47x
Nbr of Employees 12 687
Free-Float 37,7%
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Technical analysis trends BHARAT PETROLEUM CORPORATION LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 32
Average target price 457,22 INR
Last Close Price 346,10 INR
Spread / Highest target 58,9%
Spread / Average Target 32,1%
Spread / Lowest Target -11,9%
EPS Revisions
Managers
NameTitle
Padmakar Kappagantula Chairman, Managing Director & Director-HR
Neelakantapillai Vijayagopal Finance Director & Executive Director
R. Narayanan Executive Director-Information Systems
S. Bhargava Executive Director-Research & Development
Y. V. Apte Executive Director-Engineering & Projects
Sector and Competitors
1st jan.Capitalization (M$)
BHARAT PETROLEUM CORPORATION LIMITED-28.48%10 330
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