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Union Cabinet approves 100% FDI in PSU refiners to aid BPCL sale

Current FDI policy restricts FDI in oil PSUs to 49%; most bidders who have shown interest in acquiring BPCL have foreign investment

Topics
BPCL | Union Cabinet | PSU Refinery

Shreya Nandi & Nikunj Ohri  |  New Delhi 



Oil, FDI, investment, PSUs, refiners
The change in the FDI regime was required because most bidders that had shown an interest to acquire BPCL have foreign investment

The on Thursday approved a proposal to allow 100 per cent foreign direct investment (FDI) in public sector refiners, expanding the scope for in the privatisation of Bharat Petroleum Corporation Ltd (BPCL).

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First Published: Thu, July 22 2021. 20:11 IST

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