The government is expected to consider two-phased disinvestment for Bharat Petroleum Corporation (BPCL), if the initial strategic sale of the entire 53.29 per cent government stake in the company fails to get requisite response. The government may sell half or around 26-27 per cent of its share first and consider complete exit from BPCL at a later stage when the valuation improves after the fund infusion by the strategic investor.
BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.
