BPCL disinvestment uncertain with just one bidder
NEW DELHI: The disinvestment of state-owned Bharat Petroleum Corporation Limited (BPCL) seems to be uncertain as the country’s second-biggest refiner failed to get bidders. An official said, it has attracted only one bidder so far, whereas the government was expecting global majors such as Saudi Aramco.
“Due to environmental concerns and ESG considerations, very few bidders showed interest in BPCL. We only had one bidder and we thought that was not a competitive bidding,” said a finance ministry official on the condition of anonymity.
