BPCL jumps 7% on reports that the govt may sell stake to a pvt oil company

India is considering a plan to sell the nation's second-largest state refiner and fuel retailer to a global oil company, Bloomberg reported

Shares of Bharat Petroleum Corporation Ltd (BPCL) gained 7 per cent to Rs 411.55 in Friday's trade on the BSE on reports that the government is considering selling its stake in the public sector oil behemoth to a global oil company.

“India is considering a plan to sell the nation’s second-largest state refiner and fuel retailer to a global oil company as it explores options to give up its controlling stake in BPCL,” Bloomberg reported quoting people familiar with the matter.

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