Thirteen companies ready to bid for IBP

Vol 5, PW 2 (14 Mar 01) News in Brief

Thirteen companies or consortia have written to the government with an 'Expression of Interest' in the government's plan to sell 33.59% of its stake in the state-owned petrol retailer IBP Petroleum, which has 1,514 filling stations across the country.

BHP Petroleum of Australia Petronas of Malaysia Essar Oil with Petrom of Romania Videocon Group Nagarjuna Fertilisers Reliance Hindustan Petroleum Shell Caltex TotalFinaElf of France Indian Oil Corporation Bharat Petroleum Mangalore Refineries