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IOC, other PSUs not to bid for BPCL, hints Dharmendra Pradhan

Thursday, November 21, 2019, 3:08 PM

Oil Minister Dharmendra Pradhan on Thursday hinted that public sector firms such as Indian Oil Corporation(IOC) may not be allowed to bid for buying government stake in Bharat Petroleum Corporation Ltd(BPCL), for which a buyer may have to shell out as much as Rs.90,000 crore. "Since 2014, we have a clear vision that the government has no business to be in business," Pradhan told.