No Cabinet decision on BPCL disinvestment yet
MUMBAI: Bharat Petroleum Corporation (BPCL) has not received any official communication from the government on a proposal to privatise it, a top official said.
There is a possibility of government selling its 53.3% stake along with management control in oil marketing and refining firm for about $10 billion (around Rs 70,900 crore).
“As far as the privatisation issue is concerned, BPCL has not been told anything officially so far. I have not got any idea of any other information about any concrete proposal from the government side,” BPCL director (finance) N Vijayagopal said on Friday.
