"bharat-petroleum-corporation-ltd"

Govt has told IOC, BPCL and HPCL to look for oil supplies from outside the Middle East region and use collective bargaining power to get favourable terms

Hindustan Petroleum Corporation's (HPCL) shares were trading at Rs 234.60, lower by 3.62 per cent from its previous close.

Petroleum had been included in the strategic sector as it ensures energy security for the country.

BPCL has plans to expand its Bina refinery and take efficiency improvement measures at Mumbai refinery. But investment decisions on both the projects are now left for the new owners in the company

BPCL disinvestment has received interest from several large global oil and gas companies and a few Indian entities as well.