The divestment timeline and process will be followed as planned by Department of Investment and Public Asset Management (DIPAM), said N Vijayagopal, Director-Finance at Bharat Petroleum Corporation Limited (BPCL), on Tuesday.

Speaking in an interview to CNBC-TV18, he said, “The divestment timeline and process will be followed exactly according to DIPAM guidelines.”

On the business front, Vijayagopal said that the marketing volumes are back to pre-COVID levels. “Our market sales have grown 25 percent quarter on quarter (QoQ) and refining throughput has gone up 29 percent,” he said.

Talking about debt, he said, “It has come back to a very normal level; our debt-to-equity ratio is now at 0.6x versus 1.26x in FY20 and the subsidy level has come down from Rs 6,200 crore, as on March 31, to Rs 2,200 crore.”

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(Edited by : Abhishek Jha)