Government extends bid submission deadline for stake in Bharat Petroleum to September 30
The government has extended the deadline for inviting expressions of interest for its stake sale in Bharat Petroleum Corp Ltd to September 30.
The two month extension is the third time the government has given more time to potential bidders, owing to the Covid 19 pandemic.
“In view of requests received from the interested bidders and the prevailing situation arising out of Covid 19, Government has decided to extend the last date for submission of EOI for BPCL strategic disinvestment to 30th September 2020,” Tuhin Kanta Pandey, secretary of the department of investment and public asset management (DIPAM) said on Twitter.
The top department official recently said that the government’s divestment drive had hit a roadblock because the pandemic had shut down international travel and site visits, impacting the time taken by investors to decide on strategic decisions.
