Department of Investment and public Asset Management (DIPAM) has issued 15 request for proposals, including those for strategic disinvestment of Bharat Petroleum Corporation (BPCL), and also for partial divestment of government's equity in railways' arm CONCOR. The move also paves the way for bids from oil and gas PSUs for Numaligarh Refinery.
DIPAM has a target of Rs 1.05 lakh crore of divestment proceeds by March 31. During the current financial year 2019-20 so far Rs 17,364.26 crore has been obtained through disinvestment transactions.
The DIPAM has also alongside invited bids for strategic disinvestment of BPCL's shareholdings of 61.65% in NRL along with the transfer of management control to a CPSE operating in oil and gas sector.
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.
Company Name | CMP |
---|---|
Reliance Industries | 2930.50 |
Indian Oil Corp. | 176.80 |
BPCL | 619.30 |
HPCL | 505.65 |
MRPL | 250.15 |
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