The Central Government is aiming to complete the privatisation of five to six state-owned firms. One of them is Bharat Petroleum Corporation Limited. The BPCL divestment is in the due diligence stage.
Huge returns
The sale of the BPCL would fetch about $13 bn for the exchequer and other shareholders. The Centre aims to close the privatisation of BEML and Shipping Corp of India .It also plans to list state-owned Life Insurance Corp on local bourses. Meanwhile, the government is targeting December for handing over Air India to Tata Group.
