Preliminary Bid for BPCL Privatisation Closes on Monday, Supermajors Unlikely to Bid

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New Delhi: Preliminary bids for privatisation of Bharat Petroleum Corp Ltd (BPCL) will shut on Monday amid indications of supermajors UK’s BP Plc, Whole of France and Saudi Aramco unlikely to bid. The federal government, which is promoting its whole 52.98 per cent stake in India’s second largest oil refining and advertising firm,had on 4 events prolonged the date of placing within the preliminary expression of curiosity (EoI). The present deadline is November 16.

Division of Funding and Public Asset Administration (DIPAM) Secretary Tuhin Kanta Pandey had final month stated.