The government has received a “sufficient and good response” regarding the privatisation of state refiner Bharat Petroleum Corp Ltd and will not extend the deadline for private firms submitting initial bids, two sources said on Monday. (Also Read: Bidding For Bharat Petroleum Stake Sale To End Today: 10 Things To Know)
The government had extended the deadline for bids for BPCL, one of India’s most profitable state-owned companies, as the pandemic delayed the process that was initially expected to be completed by October. The deadline to submit bids to buy the government’s entire stake in BPCL is November 16.
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