Government eyes to complete BPCL’s disinvestment by March 2022
29th Sep 2021

Government is eyeing to complete Bharat Petroleum Corporation’s (BPCL) disinvestment by March 2022. Vedanta, Apollo Global, and I Squared Capital had responded to the centre’s call for shedding its controlling stake in BPCL.

The centre has 52.98 per cent shareholding in the public sector undertaking crude oil refiner and the prospective buyer may have to shell upwards of Rs 50,000 crore for the controlling stake at present valuation.

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.