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Government planning to privatize BPCL

30 Sep 2019 Evaluate

The government is considering a proposal to sell Bharat Petroleum Corporation (BPCL) to foreign and private firms but the privatization plan will need a prior nod of Parliament. The government is mulling to sell most of its 53.3 percent stake in BPCL to a strategic partner.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.

Peers
Company Name CMP
Reliance Industries 1219.00
Indian Oil Corpn. 131.45
Bharat PetroleumCorp 300.00
HPCL 350.65
MRPL 174.60
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