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Government approves stake sale in BPCL

21 Nov 2019 Evaluate

The Government has given approval for sale of its 53.2% stake in Bharat Petroleum Corporation (BPCL). But, this will not include BPCL’s 61% stake in Numalighar Refinery in Assam.

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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