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The Divestment Development
Govt to divest equity in HPCL,You are not allowed to view links. Register or Login, BPCL next fiscal
The government said on Tuesday that it will divest its equity in Hindustan Petroleum Corporation and Bharat Petroleum Corporation during the next financial year and announced that Indian Oil Corporation, which acquired petro retailer IBP Co Ltd, on Tuesday,You are not allowed to view links. Register or Login, would be kept out of the process.
Divestment Minister Arun Shourie told reporters after a meeting of the Cabinet Committee on Divestment that within three months of dismantling of administered pricing mechanism in the petroleum sector,You are not allowed to view links. Register or Login, scheduled for April 1,You are not allowed to view links. Register or Login, 2002, proposal for divestment in HPCL and BPCL would be brought.
Details of the proposal are yet to be worked out,You are not allowed to view links. Register or Login, he said.
Shourie said IOC has been kept out of the privatisation of the two oil PSUs to ensure competition between public and private sector.
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rediff.com:    Govt to divest equity in HPCL, BPCL next fiscal
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