The government has extended the deadline for bidding to buy its entire 52.98 per cent stake in the country's second-biggest oil refiner, Bharat Petroleum Corporation (BPCL), by over a month to June 13. The government had earlier this month invited expression of interest (EoI), or bids showing interest in buying its stake, by May 2. This now has been extended to June 13 in view of the requests received from the interested bidders and the prevailing situation arising out of COVID-19. Accordingly, the last date for submission of written queries has been pushed back to May 16 from the earlier deadline of April 4.
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.
