India to reexamine BPCL divestment after planned expansion: source
The government put the privatisation of BPCL on hold as it only got a single bid, the source, who did not want to be named, said.
NEW DELHI: India‘s government will have another look at plans for the divestment of Bharat Petroleum Corp Ltd (BPCL) after the state-run refiner completes the planned expansion of some projects, a source told reporters on Wednesday.
The government put the privatisation of BPCL on hold as it only got a single bid, the source, who did not want to be named, said.
On Tuesday, Reuters reported the government is considering selling up to a quarter of BPCL after failing to attract suitors for the whole firm.
