BPCL investment in Bharat Oman Refineries is a positive; Divestment possible by September, says Anil Singhvi zeebizindia@gmail.com (Zee Business) © Provided by Zee Business
Anil Singhvi said that DIPAM Secretary has clearly stated that BPCL Divestment will happen anytime in the first half of FY22. Government is slowly making progress with the BPCL divestment. Singhvi said that the Non-core businesses of BPCL are being separated from the company as it has many such investments. Singhvi said that BPCL has investments in 2 or 3 Government companies; their stake will be sold going forward. Stake in Numaligarh Refinery has already been sold off. Singhvi said cash received via stake sales will be distributed as dividend to shareholders.
BPCL investment in Bharat Oman Refineries is a positive; Divestment possible by September, says Anil Singhvi
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