BPCL divestment bidding to become competitive
OIL & GAS

BPCL divestment bidding to become competitive

The focus on the divestment of the Bharat Petroleum Corporation Limited (BPCL), which has long been on the radar of investors, is now expected to sharpen further, as the market attempts to evaluate potential bidders to the body. Besides Vedanta, media reports now hint at other private equity investors of considerable repute who are also expressing an active interest in acquiring the government’s stakes. This, in turn, is expected to bolster the competition and attract additional interest in the development.

Among the interested factions, Apollo Global Management, and I Squared Capital promoted Think Gas has been reported to be in the bidding-race. The interest exhibited by these global investment management firms is an indication of the stellar response that the bidding process has been receiving thus far. Subsequently, this bolster hopes for improved valuations as well.

Analysts at Emkay Global expect the participation of marquee private equity entities such as I Squared and Apollo, who already possess experience in the energy sector, to considerably fire up the competition. The BPCL possesses an extensive retail network and immense refining capacities, while its hydrocarbon exploration and production (E&P) assets continue to attract those global players who are eager to grab their share of the Indian fuel market.

Macquarie India stated that besides the BPCL’s 17,000 fuel retail stations, its gas stakes also form a major point of attraction for acquirers all across the globe. The disinvestment process of BPCL is presently at the stage of bid evaluation. Even though asset price discovery will occur post the completion of the bidding process, analysts project the share price to touch Rs 500 or above because both upstream and downstream assets form a part of the overall deal. Besides valuations, BPCL’s privatisation is also expected to aid the company in improving its cash flow generation through capital reallocation, efficiency, and lower cost leverage, according to analysts.

Also read: BPCL privatisation gets three bids
                BPCL disinvestment may see PSU participation

Image Source

The focus on the divestment of the Bharat Petroleum Corporation Limited (BPCL), which has long been on the radar of investors, is now expected to sharpen further, as the market attempts to evaluate potential bidders to the body. Besides Vedanta, media reports now hint at other private equity investors of considerable repute who are also expressing an active interest in acquiring the government’s stakes. This, in turn, is expected to bolster the competition and attract additional interest in the development. Among the interested factions, Apollo Global Management, and I Squared Capital promoted Think Gas has been reported to be in the bidding-race. The interest exhibited by these global investment management firms is an indication of the stellar response that the bidding process has been receiving thus far. Subsequently, this bolster hopes for improved valuations as well. Analysts at Emkay Global expect the participation of marquee private equity entities such as I Squared and Apollo, who already possess experience in the energy sector, to considerably fire up the competition. The BPCL possesses an extensive retail network and immense refining capacities, while its hydrocarbon exploration and production (E&P) assets continue to attract those global players who are eager to grab their share of the Indian fuel market. Macquarie India stated that besides the BPCL’s 17,000 fuel retail stations, its gas stakes also form a major point of attraction for acquirers all across the globe. The disinvestment process of BPCL is presently at the stage of bid evaluation. Even though asset price discovery will occur post the completion of the bidding process, analysts project the share price to touch Rs 500 or above because both upstream and downstream assets form a part of the overall deal. Besides valuations, BPCL’s privatisation is also expected to aid the company in improving its cash flow generation through capital reallocation, efficiency, and lower cost leverage, according to analysts. Also read: BPCL privatisation gets three bids                BPCL disinvestment may see PSU participation Image Source

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?