Govt will get more if BPCL’s 7 components are separately valued: Deven Choksey

What do you make of the news regarding interest in BPCL despite Covid, despite the low oil prices? Some of the global biggies — oil and metal giants have expressed their views on picking up a stake in BPCL.

BPCL has got about seven strategic businesses. One of them is a refinery business. Rest are retail, LPG, aviation, lubricants, gas and industrial/commercials. whatever. The whole point here is that who could be interested in such a strategically diversified company which has got the biggest businesses under its portfolio. In my view point, an upstream company could possibly be looking more at integrating themselves with refinery business.