Apply For FDI


Fraud Warning Disclaimer : FDI India warns you against certain individuals that might falsely present themselves as our affiliate agents, representatives, or employees. Under this false pretence, they might try to gain access to your personal information or to acquire money as Consultation fee or any other form or other valuables from you by offering fictitious employment opportunities or by claiming that they are contacting you on our behalf. Don’t fall prey into the fraudulent misrepresentation. Such fraudulent claims and offers are received generally via email, text message, phone, or internet, etc.

FDI India would like to bring to your notice that our authorized official Email ID is, . FDI India shall not be liable for any claims, damage, or loss of any kind inflicted by any other unauthorized entity. Be very mindful of such scams.
Legal : We own all the information, images, text, logo, and other content provided by us. The use of information is strictly prohibited without our consent. We hold the right to take a legal action against any individual or organization violating or using our site information.
Become A Partner Apply For FDI
Fdi India news

The Government May Change FDI Laws to Allow 100% FDI in BPCL

    28 May , 2021         Fdiindia

The Government May Change FDI Laws to Allow 100% FDI in BPCL

According to sources, the Centre is expected to change FDI restrictions to allow 100 percent investment in state-owned oil company Bharat Petroleum Corporation (BPCL).

They stated, "Concerned Ministries Department of Economic Affairs, DIPAM, and DPIT have reached an agreement. The final plan will be sent to the cabinet shortly."

It's possible that a special provision in India's FDI policy would be added to allow entire FDI in PSUs in the petroleum refining sector.

According to CNBC Awaaz, FEMA guidelines will also be updated. Under the present FDI regulation, FDI in petroleum refining by a PSU is limited to 49 percent via the automatic method.

Although the privatization of BPCL is postponed for around six months. According to sources acquainted with the situation, the government is attempting to settle the issue of mandatory open bids that the winning bidder will be required to make to companies sponsored by the oil major, which may increase the acquisition cost by Rs 20,000 crore.

The business is already in the process of obtaining an exemption for the winning bidder from the mandatory open offer to Petronet LNG and Indraprastha Gas Ltd. shareholders, both of which BPCL is a promoter.

BPCL has a 12.5% share in Petronet LNG and a 22.5 percent stake in IGL. According to a source, the government may favor the corporation selling its interest in Petronet to other public sector firms, including Indian Oil Corporation (IOC), Gail India, and ONGC, who each own 12.5%. According to him, the government is interested in BPCL relinquishing its promoter status in these two enterprises.