{"id":388771,"date":"2020-12-09T11:27:15","date_gmt":"2020-12-09T05:57:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=388771"},"modified":"2020-12-09T11:44:10","modified_gmt":"2020-12-09T06:14:10","slug":"post-stake-sale-bpcls-lpg-business-to-be-in-new-sbu-new-owner-to-take-call-after-3-years","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/post-stake-sale-bpcls-lpg-business-to-be-in-new-sbu-new-owner-to-take-call-after-3-years\/","title":{"rendered":"Post-stake sale, BPCL&#8217;s LPG business to be in new SBU; new owner to take call after 3 years"},"content":{"rendered":"<p>NEW DELHI: Privatisation-bound Bharat Petroleum Corporation Ltd&#8217;s (BPCL) new owner will after three years of takeover get a right to decide on retaining the business of selling subsidised LPG, which in the intervening period will be transferred into a new unit to continue the flow of government subsidy, a top official said.<br \/>\nGovernment subsidy will continue to be given to BPCL customers if the new owner chooses to retain the business after three years, the official said.<br \/>\nThe firm&#8217;s cooking gas LPG customers will be transferred to other state-owned firms, Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL), in case the new owner does not want to continue with such a business, the official added.<br \/>\nThe government is keen to continue providing subsidy to 7.3 crore domestic cooking gas (LPG) consumers of BPCL even after the firm&#8217;s privatisation. To resolve the conflict of paying the dole to a private company, it has been decided to transfer the LPG business of the firm into a new strategic business unit (SBU).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Privatisation-bound Bharat Petroleum Corporation Ltd&#8217;s (BPCL) new owner will after three years of takeover get a right to decide on retaining the business of selling subsidised LPG, which in the intervening period will be transferred into a new unit to continue the flow of government subsidy, a top official said. Government subsidy will continue to be given to BPCL customers if the new owner chooses to retain the business after three years, the official said. The firm&#8217;s cooking gas LPG customers will be transferred to other state-owned firms, Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL), [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-388771","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/388771","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=388771"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/388771\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=388771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=388771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=388771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}