The authorities’s plan to privatise Bharat Petroleum Corporation (BPCL) is likely to clear the decks for Oil and Natural Gas Corporation (ONGC) to deliver in a strategic non-public or overseas partner in its subsidiary Hindustan Petroleum Corporation (HPCL).

A core group of secretaries on disinvestment on September 30 gave its nod to promote all of the authorities’s 53.29 per cent stake in BPCL. According to sources shut to the growth, the authorities is engaged on a Cabinet observe for BPCL stake sale, and the matter is likely to be taken up by the Cabinet Committee on Economic …

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