PSUs not allowed to bid for BPCL

NEW DELHI: PSUs such as ONGCNSE -1.31 % and IOCNSE -1.28 % will not be allowed to bid for Bharat Petroleum Corporation Ltd (BPCLNSE -1.84 %), a senior government official has said. “The Cabinet has cleared it, questions have been answered in Parliament. It’s a move towards privatisation.

There is no question of public sector companies to be allowed,” the official said. Such a move would be against the rules and go against the plan of privatising, the official said