The pandemic had put the brakes on the government's ambitious disinvestment plans for the fiscal. However, things have started picking up as businesses go back to normal and markets regain their appetite for buying assets. DIPAM Secretary Tuhin Kanta Pandey lays down the road ahead for the department

The government is massively behind its overall disinvestment target of Rs 2.1 lakh crore in the current financial year

Centre has received multiple EOIs for stake sale in BPCL, though names have not been made public. Biggest oil companies, including Mukesh Ambani's RIL, Saudi Aramco, BP, and Total, have, however, not shown interest in the state-owned oil firm

In its request for proposal, Department of Investment and Public Asset Management stated that LIC needs an Indian Embedded Value (IEV) reporting framework for the necessary disclosures for its proposed IPO

Reliance Industries, which was considered a potential bidder as BPCL would have added 22 per cent fuel market share to its fledgling retail business and made it the nation's number one oil refiner, did not put in an expression of interest

The asking price of close to $10 billion by the government for selling its entire 52.98 per cent stake may keep the energy giants away from bidding for a majority stake in the second largest oil refinery and marketing company in India

The government, which is exiting BPCL by selling its entire 52.98 per cent stake, has already extended the date of putting in the preliminary expression of interest (EoI) on four occasions

The Centre told the (state-owned) firms not to go by the rulebook in paying the bare minimum dividend but to strive to give out more dividends

A preliminary meeting would be held at NITI Aayog on Monday to identify more companies. The meeting would be held to assess which companies and assets are non-strategic in nature and can be pushed for sale in the next round

DIPAM Secretary Tuhin Kanta Pandey said the pre-IPO work of LIC is going on at four stages -- appointment of advisors for ensuring compliance, legislative amendment, LIC's internal software changes to come out with its 'embedded value' and appointing an actuary for vetting LIC's actuarial valuation

The government plans to conclude the bidding process in four major PSUs -- BPCL, Shipping Corporation (SCI), Container Corporation (Concor) and BEML -- by November last as the stock market is heading to break above pre-Covid levels

The meeting is crucial given that no private investor has so far shown keen interest in acquiring the debt-laden carrier forcing the government to extend bidding date thrice

BPCL stock price trades lower than 5, 20, 50, 100 and 200-day moving averages. Firm's market capitalisation stood at Rs 83,451 crore as of today's session

In view of further requests received from the interested bidders and the prevailing situation arising out of COVID-19 pandemic, the last date for submission of EoIs is further extended, said BPCL

The much-awaited IPO is expected to lag on account of a growing realisation in the government and LIC that the designation of an asset valuer is still pending

The government, which currently holds 87.40 per cent stake in IRCTC, has to bring down its shareholding in the company to 75 per cent to meet Sebi's public holding norm

The government is selling its entire 52.98 per cent stake in India's second-largest fuel retailer and third-biggest oil refiner

Last month, APTEL postponed the trading of REC scheduled on July 29 by four weeks till August 26, after hearing three separate appeals against the CERC order issued on fixing REC floor and forbearance prices

The Delhi Electricity Regulatory Commission (DERC) announced the new tariff on Friday, saying no hike was considered due to the COVID-19 pandemic

While issuing the EoI in January, the last date for bids was kept at March 17, which was later extended to April 30. This was further extended till June 30, and again till August 31