Wednesday, Aug 05, 2020 | Last Update : 05:07 AM IST

133rd Day Of Lockdown

Maharashtra45795629935616142 Tamil Nadu2682852087844349 Andhra Pradesh176333956251604 Karnataka145830692722704 Delhi1391561252264033 Uttar Pradesh100310572711817 West Bengal80984568841785 Telangana6894649675563 Gujarat65704485612529 Bihar6203140760349 Assam4816233429115 Rajasthan4667932832732 Haryana3779631226448 Odisha3768124483258 Madhya Pradesh3508225414912 Kerala279561629988 Jammu and Kashmir2239614856417 Punjab1901512491462 Jharkhand140705199129 Chhatisgarh10109761369 Uttarakhand8008484795 Goa7075511460 Tripura5520367528 Puducherry4147253758 Manipur301818147 Himachal Pradesh2879171013 Nagaland24056594 Arunachal Pradesh179011053 Chandigarh120671520 Meghalaya9173305 Sikkim7832971 Mizoram5022820
  Business   Companies  30 Jul 2020  Bharat Petroleum bid submission deadline extended for second time

Bharat Petroleum bid submission deadline extended for second time

REUTERS
Published : Jul 30, 2020, 9:50 am IST
Updated : Jul 30, 2020, 9:50 am IST

It was extended in view of further requests from interested bidders and the prevailing situation arising out of COVID-19, the ministry said

 India extends bid submission deadline for stake in Bharat Petroleum to September 30. (Photo- BPCL)
  India extends bid submission deadline for stake in Bharat Petroleum to September 30. (Photo- BPCL)

MUMBAI: India’s finance ministry said Wednesday it had extended the deadline for submission of bids for the sale of its stake in oil refiner Bharat Petroleum Corp Ltd to Sept. 30, allowing more time for interested parties.

It was extended “in view of further requests from the interested bidders and the prevailing situation arising out of COVID-19,” the ministry said in a statement, marking the second such extension since May.

 

India has the world’s third-highest caseload of coronavirus infections after the United States and Brazil, and a strict lockdown imposed in March has been eased in parts in recent weeks but economic activity is far from a full restart.

The government’s move to sell its 52.98% stake in Bharat Petroleum, the country’s second-biggest oil refiner, could help it bridge its widening fiscal gap. Oil minister Dharmendra Pradhan said last November that international energy firms were set to take part in the bidding process.

Tags: bpcl, petroleum, india, bharat petroleum corp ltd, finance ministry, oil refiner
Location: India, Maharashtra, Mumbai (Bombay)