The government has received multiple Expressions of Interest (EoIs) for privatisation of Bharat Petroleum Corporation (BPCL), and the transaction is in the second stage of the process. Transaction Advisor is bound by the non-disclosure agreement for not sharing the information relating to bidders during the currency of the process to ensure competitive non-collusive bidding.
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.
