Friday, October 30, 2020

Bharat Petroleum Corp puts Bina refinery expansion plan on hold pending privatisation

The federal government wants to sell its 53.29% stake in BPCL, the country's second-largest state-run refiner, to raise funds to rein in a ballooning fiscal deficit. "It is for the new owner to decide whether they want and have the flexibility to add refining capacity," Vijaagopal told an analyst conference.

from Energy-Industry-Economic Times https://ift.tt/3oBR0BT

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