Big players stay out of BPCL race

The Centre on Monday said it had received a number of bids for state-owned refiner BPCL but indications are that Reliance Industries has not made any offer and neither have giants such as Saudi Aramco, Russia’s Rosneft, BP or Total.

Sources said the government has received about three to four bids, including private equity funds and pension funds.

Abu Dhabi National Oil Co, which has ambitions for the Indian market, is a potential bidder but it was not immediately known if it has put in an expression of interest.