Interacting with an industry body, finance minister Nirmala Sitharaman last week said efforts to disinvest some of the big companies were on track and the Centre would make a lot of progress in this regard by end-FY21. Recently, the government received EoI from potential buyers for its 52.98% stake in BPCL and 100% in Air India. The sale of the national carrier could fetch the government only up to Rs 3000 crore, post the buyer's takeover of part of the airline's debt. On November 16, three bidders showed interest for BPCL buyout — Vedanta, Apollo Global Management and Think Gas. The Centre's stake in BPCL is worth about Rs 43,000 crore at Tuesday's closing price on the BSE. The process is on despite the BPCL stock losing 28% in value from about Rs 60,000 crore in November 2019, around the time the stake sale proposal was approved by the Union Cabinet. However, the actual receipts will depend on valuation and consideration of a premium.