Air India, BPCL sale may be delayed but will get completed by FY22

Govt expects no change in disinvestment proceeds

The timeline for disinvestment of Air India and Bharat Petroleum Corporation (BPCL) may be pushed by two to three months due to impact of the second Covid-19 wave.
 
However, the government is confident of wrapping up the sale of the two companies by FY22 and meeting the disinvestment target of Rs 1.75 trillion. This will be achieved by sale of government stake in core and non-core public sector undertakings (PSUs).
 
“There may be minor disruptions in short-term goals like quarterly targets of disinvestment but there is no change in the annual disinvestment target,” a government official said.