New Delhi: India’s oil minister Dharmendra Pradhan on Wednesday said the privatization of state-owned Bharat Petroleum Corporation Ltd (BPCL) has received three preliminary bids.
Speaking at a webinar organised by Swarajya magazine, Pradhan said there was lot of interest in BPCL and Department of Investment and Public Asset Management (DIPAM) had recently informed the stock market about it.
“I think three parties have given their expression of interests for the bidding process,” Pradhan said and added, “As I have earlier said, government is committed to offload its share from some of the state-owned companies. That way more professionality, more competition will come and we are committed and keen on that aspect.”
