India To Rexamine BPCL Divestment After Planned Expansion

India’s government will have another look at plans for the divestment of Bharat Petroleum Corp Ltd (BPCL) after the state-run refiner completes the planned expansion of some project.

By 
Reuters
| Published: 21-May-22 04:52 PM IST

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India’s government will have another look at plans for the divestment of Bharat Petroleum Corp Ltd (BPCL) after the state-run refiner completes the planned expansion of some projects, a source told reporters on Wednesday.

The government put the privatisation of BPCL on hold as it only got a single bid, the source, who did not want to be named, said.

On Tuesday, Reuters reported the government is considering selling up to a quarter of BPCL after failing to attract suitors for the whole firm.

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