BPCL’s strategic divestment called off as most bidders express inability to participate

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Following the multiple waves of COVID-19 and the current geopolitical strife between Russia and Ukraine, the government has called off the present expression of interest (EoI) process for strategic disinvestment of state-run refiner BPCL, the Department of Investment and Public Asset Management (DIPAM) said on Thursday. DIPAM had issued a global invitation on March 7, 2020 for EOI for strategic disinvestment of 52.98% equity share capital held by the central government in BPCL. The EoI submission date was extended multiple times to address the constraints faced by the potential bidders.




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BPCL should not be divested. It is profit making and Maharatna company.

rushabhasheth