Government seal on BPCL sale soon

Government seal on BPCL sale soon

The government plans to come out with an expression of interest (EoI) for a strategic sale in state-owned refiner BPCL by the end of this year after getting cabinet clearance. The privatisation of Air India is also on track and the government hopes to complete the sale of the state-run carrier by March.

The privatisation of the national carrier and the oil refiner is expected to help the government meet its divestment target of Rs 1 lakh crore in the current financial year.

Senior finance ministry officials said the cabinet was likely to take up the divestment of BPCL and other state owned firms at the next cabinet meeting. Read more

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