Motilal Oswal: BPCL Provides Access To Fast-Growing Petroleum Products Market, But Challenges Persist

Motilal Oswal: BPCL Provides Access To Fast-Growing Petroleum Products Market, But Challenges Persist

An attendant sits between two fuel pumps at a Bharat Petroleum Corp. gas station in Mumbai, India Photographer Dhiraj SinghBloomberg

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Subsequent to the previous extension of the deadline for the submission of Expression of Interest (EoI) for buying out the government's stake in Bharat Petroleum Corporation Ltd. to July 31, 2020, the government has once again extended the deadline to September 30, 2020.

The Department of Investment and Public Asset Management (DIPAM) has not mentioned much besides citing ‘further requests received from the Interested Bidders and the prevailing situation arising out of Covid-19’ as the reason for the same.

While Covid-19-related lockdown has certainly slowed the movement of personnel, the extension also brings to the forefront the challenges we had highlighted in our earlier reports.

Click on the attachment to read the full report:

Motilal Oswal BPCL Company Update.pdf
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