What is Vedanta’s Anil Agarwal seeing in BPCL that Mukesh Ambani of Reliance is not?

Anil Agarwal, the billionaire owner of resources giant Vedanta Ltd, has just bailed out the Narendra Modi government from the biggest yet privatisation exercise undertaken in independent India turning a flop by filing an initial bid for the strategic disinvestment of oil refining and marketing firm, Bharat Petroleum Corporation Ltd (BPCL).

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