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SCI - Shipping Of India News Story

₹56.95 2.2  4.0%

Last Trade - 07/08/20

Sector
Industrials
Size
Small Cap
Market Cap £269.4m
Enterprise Value £491.8m
Revenue £449.5m
Position in Universe 442nd / 3003

India to sell govt stakes in BPCL, some other state firms - finance minister

Wed 20th November, 2019 4:26pm
NEW DELHI, Nov 20 (Reuters) - India's government has agreed
to sell its stakes in some state-run companies including oil
refiner Bharat Petroleum Corp (BPCL)  BPCL.NS , the finance
minister said on Wednesday, a decision that could help New Delhi
bridge a widening fiscal gap. 
   The government has also approved the sale of holdings in
logistics firm Container Corp of India Ltd  CCRI.NS  and
Shipping Corp of India  SCI.NS , Nirmala Sitharaman told
reporters after a cabinet meeting chaired by Prime Minister
Narendra Modi. 
 

 (Reporting by Manoj Kumar and Mayank Bhardwaj; Editing by Jan
Harvey)
 ((manoj.kumar@thomsonreuters.com; +91 11 4954 8029; Reuters
Messaging: manoj.kumar.thomsonreuters.com@reuters.net))
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