Bharat Petroleum Corporation Ltd
The stake sale will follow a two-stage process of first inviting expression of interest (EoI) from potential bidders who will after due diligence will be asked to submit price bids in the second part, officials said.
BPCL privatisation: Asset valuer asked to submit company valuation in 50 days
24 Nov 2019 11:33 AM

Cabinet Committee on Economic Affairs had on Nov 20 given a go-ahead for sale of government's entire stake in BPCL.

India will secure capital, world-class technology and implement any policy reforms needed to become an international energy leader, Petroleum minister Dharmendra Pradhan said at an energy conference in New Delhi. (Photo: File)
India seeks foreign investments in oil and gas sector: Pradhan
07 Nov 2019 12:22 PM

India wants to be the new destination for global energy players, said oil minister Dharmendra Pradhan.

BPCL operates four refineries at Mumbai, Kochi in Kerala, Bina in Madhya Pradesh and Numaligarh in Assam with a combined capacity to convert 38.3 million tonnes of crude oil into fuel.
Govt plan to privatise BPCL needs Parliament nod
29 Sep 2019 12:31 PM

Even a 26 per cent stake sale at this valuation would fetch the government Rs 26,500.

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