Tag Archives: bpcl privatization

Pradhan said the government is seeking to privatize some of the state-owned companies to generate professionalism and competition. The government has received three preliminary offers to buy a controlling stake in India’s second-largest fuel retailer, Bharat Petroleum Corporation Ltd (BPCL), Petroleum Minister Dharmendra Pradhan said on Wednesday. Oil mining conglomerate …

The BPCL tender will be a two-stage affair, with qualified bidders in the first EoI phase being asked to submit a financial offer in the second round. Public sector companies (UPM) cannot participate in privatization. The government received “ multiple ” offers on Monday to buy its stake in India’s …