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India To Rexamine BPCL Divestment After Planned Expansion - Report

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.
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By car&bike Team

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Published on May 21, 2022

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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.

    (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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