{"id":302333,"date":"2019-11-22T11:35:19","date_gmt":"2019-11-22T06:05:19","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=302333"},"modified":"2019-11-22T11:35:19","modified_gmt":"2019-11-22T06:05:19","slug":"bpcl-privatisation-wont-be-like-ongc-hpcl-buyout-indian-oil-wont-bid-for-the-psu","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-privatisation-wont-be-like-ongc-hpcl-buyout-indian-oil-wont-bid-for-the-psu\/","title":{"rendered":"BPCL privatisation won\u2019t be like ONGC-HPCL buyout; Indian Oil won\u2019t bid for the PSU"},"content":{"rendered":"<p>Oil Minister Dharmendra Pradhan on Thursday hinted that public sector firms such as Indian Oil Corporation (IOC) may not be allowed to bid for buying government stake in Bharat Petroleum Corporation Ltd (BPCL), for which a buyer may have to shell out as much as Rs 90,000 crore. The Cabinet Committee on Economic Affairs had on Wednesday decided to sell the government\u2019s entire stake in the country\u2019s second-largest state refiner BPCL and India\u2019s largest shipping company Shipping Corporation of India (SCI). It also approved privatisation of Container Corporation of India while also giving nod to paring stake below 51 per cent in select public sector undertakings but without losing control. \u201cSince 2014, we have a clear vision that the government has no business to be in business,\u201d Pradhan told reporters here. \u201cWe have examples of 2-3 sectors such as telecom and aviation where ushering in private participation has led to customers benefiting from price cuts, efficiency, and better service. And yesterday (on Wednesday), several reformist decisions were taken.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil Minister Dharmendra Pradhan on Thursday hinted that public sector firms such as Indian Oil Corporation (IOC) may not be allowed to bid for buying government stake in Bharat Petroleum Corporation Ltd (BPCL), for which a buyer may have to shell out as much as Rs 90,000 crore. The Cabinet Committee on Economic Affairs had on Wednesday decided to sell the government\u2019s entire stake in the country\u2019s second-largest state refiner BPCL and India\u2019s largest shipping company Shipping Corporation of India (SCI). It also approved privatisation of Container Corporation of India while also giving nod to paring stake below 51 per [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-302333","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/302333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=302333"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/302333\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=302333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=302333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=302333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}