Vedanta will consider making an offer for BPCL, says Anil Agarwal
Vedanta Resources will definitely consider making an offer for state-run Bharat Petroleum Corporation Ltd (BPCL) when the bids will be invited, its executive chairman Anil Agarwal said on Friday.
The Cabinet recently approved strategic divestment of the government’s 53.29 per cent stake in BPCL, along with transfer of certain management control. This is excluding BPCL’s equity share holding of 61 per cent stake in Numaligarh Refinery.
“We are evaluating. We are in oil business. We produce 30 per cent oil and gas of the country and we will be very keen because oil, energy security. We will evaluate if it makes sense where we can supply our oil. It makes sense, we should look at BPCL or any kind of asset which comes,” Agarwal said.
