Contrary to belief, the last meeting of the Cabinet Committee on Disinvestment (CCD) was a draw between petroleum minister Ram Naik and his disinvestment counterpart Arun Shourie.
The September 7 meeting decided to defer the issue of increasing the stake of Bharat Petroleum Corporation Ltd (BPCL) in the Bina Refinery to 50 per cent from the present 26 per cent.
While the meeting put strategic sale plans in BPCL and Hindustan Petroleum Corporation Ltd (HPCL) in abeyance for three months, it also deferred the petroleum ministry
