Plan to monetise IOCL, HPCL & GAIL pipelines loses steam
The plan to monetise oil and gas pipeline assets of Indian Oil NSE 0.50 % Corporation (IOCL NSE 0.50 %), gas utility GAIL NSE -0.30 % (India) and Hindustan Petroleum NSE 0.21 % Corporation (HPCL NSE 0.21 %) has lost steam due to lack of investor interest and reluctance of the companies to part stake, according to executives and investment bankers.
Finance minister Nirmala Sitharaman in the 2021 Union Budget had announced the monetisation of oil and gas pipeline assets of IOC NSE 0.50 %, GAIL and HPCL.
