The Congress on Sunday attacked the government over its bid to sell stake in India's second biggest oil refiner Bharat Petroleum Corp Ltd (BPCL), asking if this was also an election promise made to "crony capitalist friends".
In the country's biggest ever privatisation drive, the government on Saturday invited bids for sale of its entire 52.98 per cent stake in BPCL.
Congress chief spokesperson Randeep Surjewala asked why the government was selling its stake in the profit-making BPCL. BPCL gave Rs 2051.53 crore profit to the government in December, he said on Twitter.
"On the other hand, the Modi government has invited bids for sale of its entire 53% stake in BPCL," he said.
"Is this also an election promise made to crony capitalist friends?" Surjewala asked.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
