The strategic disinvestment of BPCL is likely to come up in the next cabinet meet along with other central public sector enterprises (CPSEs), sources told CNBC-TV18.
The other CPSEs are Concor, SCI, North Eastern Electric Power Corporation Limited and THDC.
The matter has been under consideration for some time now. The government is working on a tight timeline and it is expected to be done before March 31.
Once the cabinet nod comes, within a week or ten days the intermediaries like the transaction advisors and legal advisors will be appointed. Once that is done, in a month or so, expression of interest would be invited for these strategic stake sales.
The government will be doing a roadshow to gauge the investor interest for these stake sales.