Government to disinvestment BPCL Bharat petroleum corporation limited
BPCL oil marketing government company in India
Indian government has 51% share in BPCL Bharat petroleum corporation limited
Rules and regulation which will there to invest this company has been already taken away
Parliament approval is not required for the disinvestment of BPCL
Government has abolished repairing and amending act in 2016
In that IT act 187 problematic a rules and regulation where cancelled
After Diwali government government is announcing bid for disinvestment of BPCL
After tender disinvestment process will start
Reliance industries can also apply for this tender
Japanese research company nomura I said that if Reliance get shares in BPCL then Reliance will be e covering 25% of India's oil trade
Reliance 3.4 crror refining capacity will increase
Reliance can use assets of BPCL
15000 petrol pumps of BPCL can be used by Reliance for distribution of petroleum products
After purchasing stake in BPCL there is guaranted benefit for Reliance
Reliance will be gained for its retail as well as petroleum product industry
Government want disinvestment to be done as early as possible
Government will get 60000 crrore rupees by selling 57% stake in BPCL
Per share 700- 800 rupees
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