Business Standard

Govt will not extend deadline to bid for state refiner BPCL: Report

The Centre has received a "sufficient and good response", according to sources


Reuters New Delhi
The Indian government has received a "sufficient and good response" regarding the privatisation of state refiner Bharat Petroleum Corp Ltd and will not extend the deadline for private firms submitting initial bids, two sources said on Monday.
The government had extended the deadline for bids for BPCL, one of India's most profitable state-owned companies, as the pandemic delayed the process that was initially expected to be completed by October.
The deadline to submit bids to buy the government's entire stake in BPCL is Nov. 16.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Nov 16 2020 | 6:01 PM IST

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