Oil companies are bearing a loss with their existing marketing margin of Rs 3-4 a litre being trimmed
A decisive step in clinching deals for Air India and BPCL quickly would lead to several benefits including generation of resources for govt schemes
Privatisation of Air India, BPCL, Shipping Corp of India, Pawan Hans, BEML and Neelachal Ispat Nigam Ltd would be completed this year, Pandey said
The move, if approved by the union cabinet, would facilitate privatisation of India's second biggest oil refiner Bharat Petroleum Corp Ltd.
The process of privatisation of Air India, BPCL, Pawan Hans, BEML, Shipping Corp, Neelachal Ispat Nigam Ltd, and Ferro Scrap Nigam Ltd is ongoing