Ccd May Okay Strategic Sales In Bpcl, Hpcl

The government is understood to have decided in favour of a strategic sale before the initial public offers (IPOs) in downstream oil companies Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) despite a stiff resistance from the petroleum ministry. A crucial meeting of the Cabinet Committee on Disinvestment (CCD) is expected this week to take a final view on the issue.