BPCL divestment called off

The government has called off the present expression of interest (EoI) process for strategic disinvestment of state-run refiner BPCL. Department of Investment and Public Asset Management (DIPAM) had issued a global invitation for EOI for strategic disinvestment of 52.98% equity share capital held by the central government in BPCL. The EoI submission date was extended multiple times to address the constraints faced by the potential bidders.