Government extends BPCL bid deadline to September 30
30th Jul 2020

The government has for the third time extended the deadline for bidding for privatisation of Bharat Petroleum Corporation (BPCL) by two months to September 30. While the cabinet had in November last year approved the sale of government’s entire 52.98 per cent stake in BPCL, offers seeking expression of interest (EoI) or bids showing interest in buying its stake were invited only on March 7.

The EoI submission deadline was May 2, but on March 31 it was extended up to June 13. On May 26, it was extended to July 31 and now it has been extended till September 30.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.