Q. The government holding in BPCL is?
Answer: Between 60% and 70%
Notes: Bharat Petroleum. Bharat Petroleum Corporation Limited (BPCL) is a Government of India controlled Maharatna oil and gas company headquartered in Mumbai, Maharashtra. The Corporation operates two large refineries of the country located in Kochi and Mumbai.
Government holds 53.3% in BPCL. Prime Minister Narendra Modi's government has set a record target of raising 1.05 trillion rupees ($14.8 billion) in the current fiscal year from sale of state firms. Offloading its holding in Bharat Petroleum can help meet more than 40% of the aim based on the closing price on Sept. 12.