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BPCL offers VRS to employees ahead of privatisation

27 Jul 2020 Evaluate
Bharat Petroleum Corporation (BPCL) has brought a voluntary retirement scheme (VRS) for its employees ahead of the government privatising the country's third biggest oil refiner and second-largest fuel retailer. The 'Bharat Petroleum Voluntary Retirement Scheme - 2020 (BPVRS-2020)' opened on July 23 and will close on August 13.
 
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 1163.55
Indian Oil Corpn. 130.00
Bharat PetroleumCorp 284.30
HPCL 339.50
MRPL 173.05
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