Centre likely to miss divestment target again as BPCL remains unsold

The Centre expects to mop up nearly Rs 1 trillion from LIC's IPO

With the uncertainty looming over the privatisation of Bharat Petroleum Corporation Limited (BPCL), the government’s disinvestment target of Rs 1.75 trillion for FY22 is unlikely to be met.

The Centre may lower its target for disinvestment receipts in the revised estimates, even as it is on track to launch the initial public offering (IPO) of public sector behemoth Life Insurance Corporation of India (LIC).

Highly placed sources said that while the LIC IPO, touted as the largest ever in India, is on schedule to