Disinvestment process of Bharat Petroleum Corporation Limited (NSEI:BPCL) is moving on well and expected to conclude by September, 2021-end, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on March 25, 2021. The government is selling its entire 52.98 % stake in BPCL in the nation''s biggest privatisation till date. Vedanta Limited (NSEI:VEDL) and Apollo Global Management, Inc. (NYSE:APO) and I Squared Capital Advisors, LLC's Indian unit Think Gas have put in an expression of interest for buying the government''s stake.

Speaking at Times Network India Economic Conclave, Pandey said, "It (BPCL disinvestment) is moving on well and we hope to conclude in H1 (of 2021-22)".