The government is going to provide guidance on employee protection, asset stripping and business continuity in Bharat Petroleum Corporation (BPCL) to potential acquirers of the company only at a later stage of bidding, according to privatisation rules issued by the disinvestment department. The government is selling its entire 52.98 per cent stake in India's second-largest fuel retailer and third-biggest oil refiner.
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.