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Tag: Domestic Fuel Retailers

Indian Government to Sell India’s Leading Fuel Giant BPCL Needs Parliament Approval

India Plans To Sell BPCL, India's Second-Largest State-Owned Refiner, Domestic Fuel Retailers, BPCL, BPCL Disinvestment, Govt Disinvestment Target, Mukesh Ambani, Reliance Industries, BP Plc, Niko Resources, KG-D6 Block, Niko Defaulted On Payment, Oil And Gas Field, KG-D6 Block In Bay Of Bengal, Reliance's Stake In KG-D6 Basin, Oil Minister Dharmendra Pradhan, ONGC, Bokaro-Dhamra, Prime Minister Narendra Modi, Indian Oil Corp, IOC, BPCL, GAIL India

BPCL at the end of market close on September 27 had a market capitalization of about Rs 1.02 lakh crore and even a 26 per cent stake sale at this valuation would fetch the government Rs 26,500 crore plus a control-and-fuel-market-entry premium ranging anywhere between Rs 5,000 crore to Rs 10,000 crore, officials said.

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