Will Saudi Aramco's Business Interest benefit Indian Oil Business Indian government is in a bid to sell its 53.29 per cent stake in BPCL to an investor in order to augment oil business in India

By Vinayak Sharma

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock.com

In the history of India, this is the first time that Indian government is planning to sell its 53.29 per cent stake in BPCL to a strategic investor. It is considered to be the biggest privatisation bid in the country so far.

By this, government is aimed to collect INR 1.5 Lakh Crore in divestment procedure which involves privatisation of container corp of India, Shipping corp of India and BPCL.

According to ET, Saudi Aramco is nowadays working on its idea to foster interest in Indian investments and business partnership. Reliance India Ltd. has been the priority of Aramco and also it is eyeing at buying stake in Bharat Petroleum Corporation Limited (BPCL). Being at an early stage of concluding BPCL as an investment spot, Aramco is evaluating its bid.

Indian Business' Benefit

Aramco is stated as an oil giant in the field of business and has been fostering interest in Indian Market for long. Currently, Aramco is in the process of an IPO, which would value the company in the budget of around $1.5 trillion to $ 2 trillion. This would provide massive value to the company. Aiming the big achievements through Indian investment and giving India the supportive deal, Aramco is eyeing the Indian business to esacalate along with its growth.

Seeking the growth possibilities of both nations, Indian government along with the Saudi Aramco are in the discussion of forging with the deal. It is expecting the partnership with RIL in its oil and chemical sector. It has also signed a memorandum of understanding along with ADNOC in order to grow investment in India's RRPCL ( Ratnagiri Refinery and Petroleum Corporation).

According to the ET source, Aramco is currently trying to balance its various planned investments in India in which it is eagerly interested to invest. It will take a call on how to balance BPCL deal and the Reliance partnership, if it decides to go through with them,".

Vinayak Sharma

Entrepreneur Staff

Correspondent, Entrepreneur India

Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Leadership

From Elite Athletes to Tech Titans — Discover the Surprising $100-Million Habit That Leads to Extraordinary Success

Success comes from mastering focus, eliminating distractions and prioritizing what truly matters.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

'I Want the Best People on Our Teams': Meta Is Laying Off More Than 3,000, CEO Mark Zuckerberg Calls for 'Extensive Performance-Based Cuts' — Read the Memo

In an internal memo shared on Tuesday, Zuckerberg said it's "going to be an intense year" at the company.

Growing a Business

How Meta Generated $32 Billion in Ad Revenue Last Quarter — and How You Can Create Million-Dollar Weekends Using the Same Strategies

Meta's staggering $32 billion quarterly ad revenue isn't just about size; it's about strategy, systems and execution as well.

News and Trends

NeoSapien Secures INR 80 Lakhs on Shark Tank India 4 for AI Wearable

Founded in 2024 by Dhananjay Yadav and Aryan Yadav, NeoSapien aims to integrate AI into daily life through its wearable technology