NEW DELHI: Privatisation of India’s second-largest oil refiner BPCL may have been pushed back to the next fiscal year as no bidder visited the firm’s premises in the last quarter, a senior company official said on Wednesday.
The government is selling its entire 52.98 per cent stake in BPCL for which three expressions of interest (EoIs), including one from billionaire Anil Agarwal-led Vedanta Group, have been received.
Financial bids are yet to be called.
At a conference call with analysts, BPCL director-finance V R K Gupta said the firm continues to update data for bidders in the fray for the government stake and is also replying to their queries.
