MUMBAI: State-owned Bharat Petroleum Corporation Ltd (BPCLNSE -0.07 %) 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 53.29 per cent stake along with management control in oil marketing and refining firm for about USD 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 told reporters on Friday.
