Oil minister Dharmendra Pradhan on Wednesday said the government has received three preliminary bids in the privatization process of state-owned Bharat Petroleum Corp. Ltd (BPCL).
Speaking at a webinar organized by Swarajya magazine, he said there was a lot of interest. “I think three parties have given their expression of interest for the bidding process,” Pradhan said. “As I have earlier said, the government is committed to offload its share from some of the state-owned companies. That way, more professionalism, more competition will come and we are committed and keen on that aspect.”
He said India is currently using only 6% of the world’s primary energy and the country’s per capita energy consumption is only one-third of the global average.
