It looks ‘challenging’ to complete BPCL’s privatisation by March 2021: Official

A Bharat Petroleum Corp Ltd (BPCL) official said it’s looking ‘challenging’ to complete the company’s proposed privatisation by March 2021.

While speaking at an analyst conference, BPCL’s head of finance N. Vijayagopal also spoke on a host of other issues related to the company.

Vijayagopal said BPCL privatisation by March 2021 looks “challenging” as the initial bid submission deadline has been extended to mid-November and any spurt in coronavirus infections could prevent foreign players from traveling to do due diligence of the assets.