Govt plans to sell Bharat Petroleum Corp stake in time-bound manner

The government on Thursday decided to go ahead with the privatisation of Bharat Petroleum Corporation (BPCL) in a time-bound manner.

There were speculations that the deadline for submitting the expression of interest (EOI) might be extended further from the current date of July 31. But sources indicated that the government wanted to complete the stake sale within this financial year as things on the economic front were looking up.

An empowered group of secretaries, headed by Cabinet Secretary Rajiv Gauba, on Thursday deliberated