BPCL disinvestment

With the BPCL privatisation plan moving at a snail’s pace, the government is believed to have dumped its plan to sell its 100% stake in the PSU

Synopsis: The disinvestment of state-run BPCL seems to have become shrouded in uncertainties as the process has now dragged on for two years and there seems to be lack of clarity over whether it is headed

Synopsis: Faced with difficulties in meeting the budgeted disinvestment targets for FY22, Finance Minister Nirmala Sitharaman has reduced the target of disinvestment receipts for FY23 to Rs 65,000 crore which is even less than the revised estimate of the receipts for the ongoing financial year at Rs 78,000 crore. The target for the FY22 was Rs 1.75 lakh crore earlier, so, clearly, it is a drastic reduction

The disinvestment of BPCL will get pushed to FY23 and will impact the government's disinvestment mop-up for the year, the DIPAM Secretary has said

On being asked about the status of BPCL disinvestment, MoS for Finance Dr Bhagwat Kishanrao Karad said that EOIs have been received and the process is in due diligence stage

DIPAM Secretary Tuhin Kanta Pandey has said that after a gap of 19 years, India will see five to six PSU privatisations this financial year

The BMS, an affiliate of RSS, is set to hold nationwide protests on October 28 to demand a stop to the Centre’s policies of disinvestment and privatisation of PSUs

BPCL has not taken any decision so far on the sale of its stake in Petronet LNG and Indraprastha Gas, Chief Financial Officer (CFO) VRK Gupta said

The Kerala HC has admitted a writ petition challenging the BPCL management’s decision to exclude employees with less than 15 years of service from PRMBS