The Indian government will take another look at Bharat Petroleum Corp Ltd’s (BPCL) disinvestment plans once the state-run refiner completes some of the project’s planned expansions.
A source told reporters on Wednesday that the Indian government will take another look at the disinvestment plans of Bharat Petroleum Corp Ltd (BPCL).
The government put the privatization of BPCL on hold as it had received only one bid, the source, who did not wish to be named, said.
On Tuesday, Reuters reported that the government is looking to sell up to a quarter of BPCL after the entire firm failed to attract suitors.
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