Poket News

Govt decides to call off present Expressions of Interest process for strategic disinvestment of BPCL

 

  • In a statement, the Department of Investment and Public Asset Management, DIPAM said, the multiple Covid-19 waves and geo-political conditions affected multiple industries globally, particularly the oil and gas industry. 
  • It said, owing to prevailing conditions in the global energy market, the majority of Qualified Interested Parties have expressed their inability to continue in the current process of disinvestment of BPCL.
  • Earlier, DIPAM had issued a global invitation in March, 2020.