India to sell govt stakes in BPCL, some other state firms - finance minister

Credit: REUTERS/ADNAN ABIDI

India's government has agreed to sell its stakes in some state-run companies including oil refiner Bharat Petroleum Corp (BPCL), the finance minister said on Wednesday, a decision that could help New Delhi bridge a widening fiscal gap.

NEW DELHI, Nov 20 (Reuters) - India's government has agreed to sell its stakes in some state-run companies including oil refiner Bharat Petroleum Corp (BPCL) BPCL.NS, the finance minister said on Wednesday, a decision that could help New Delhi bridge a widening fiscal gap.

The government has also approved the sale of holdings in logistics firm Container Corp of India Ltd CCRI.NS and Shipping Corp of India SCI.NS, Nirmala Sitharaman told reporters after a cabinet meeting chaired by Prime Minister Narendra Modi.

(Reporting by Manoj Kumar and Mayank Bhardwaj; Editing by Jan Harvey)

((manoj.kumar@thomsonreuters.com; +91 11 4954 8029; Reuters Messaging: manoj.kumar.thomsonreuters.com@reuters.net))

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