The disinvestment of Bharat Petroleum Corporation (BPCL) is intended to be completed by March 2022 according to company Chairman, Arun Kumar Singh.
Speaking at a press conference after the Annual General Meeting of the company on Monday, Singh said, “The government at many forums and instances has said that it intends to complete the transaction within this financial year, this means by March 2022. So as of now, stated position is March.” He was responding to a query on when will the disinvestment of BPCL be complete.
In August 2021, Tuhin Kant Pandey, Secretary at the Department of Investment and Public Asset Management (DIPAM) said that the government plans to complete privatisation of Air India and BPCL this year.
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