IOC, BPCL may buy 26 per cent stake in Gail.

摘要

Indian Oil Corp (IOC) and Bharat Petroleum Corp Ltd (BPCL) may buy 26% stake each in gas utility GAIL India Ltd, paying the government over Rs 20,000 crore each to become integrated energy firms. According to reports following finance minister Arun Jaitley's February 2017 Budget announcement of creating integrated oil majors, IOC and BPCL had submitted separate proposals to buy the government's 54.89% stake in India's biggest gas marketing and transportation firm, GAIL.