Monday, September 30, 2019

Govt mulls exiting BPCL, SCI, cutting Concor stake to 25%

A panel of secretaries has proposed that the government exit 4 PSUs — Bharat Petroleum, Shipping Corporation of India, and power companies THDC and NEEPCO — while paring its holding in Concor from around 55% to 25%. Based on the market value of the 3 PSUs, the government can hope to raise around Rs 65,000 cr through stake sale in BPCL, Concor and Shipping Corporation.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2msoYxg

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