Disinvestment of Bharat Petroleum Corporation of India
| Case Code: FINC178 Case Length: 12 Pages Period: 2019-2021 Pub Date: 2021 Teaching Note: Available |
Price: Rs.300 Organization: Bharat Petroleum Corporation of India (BPCL) Industry: Government Countries: India Themes: Fiscal Policy |
Abstract Case Intro 1 Case Intro 2 Excerpts
Introduction
In November 2019, the Government of India (GoI) announced that it was selling 53.98% of its stake in India’s second largest fuel retailer, Bharat Petroleum Corporation of India (BPCL), to a strategic investor. This was part of the disinvestment target fixed by the GoI for the fiscal year 2020-21. The GoI had fixed a disinvestment target of Rs. 2.1 trillion to be raised from the disinvestment proceedings of select Public Sector Enterprises (PSEs) to meet the fiscal deficit of the budget for the year 2020-21. These PSEs included the Shipping Corporation of India (63.75% stake), Container Corporation of India (30.8%), Tehri Hydro Development Corporation India Ltd (74.23%),and North Eastern Electric Power Corporation Limited (100%)..
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