<p>The government is likely to invite preliminary bids for stake sale in national carrier Air India and BPCL next month, according to sources.</p>.<p>The airline is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.</p>.<p>"Expression of Interest (EoI) inviting bids for stake sell in BPCL and Air India expected next month," the sources said.</p>.<p>They, however, added that stake sale in big assets like BPCL will take time as due diligence has to be carried out.</p>.<p>Last month, the Cabinet had approved a strategic divestment of the government's 53.29 per cent stake in BPCL, along with transfer of certain management control.</p>.<p>This is excluding BPCL's equity share holding of 61 per cent stake in Numaligarh Refinery. </p>
<p>The government is likely to invite preliminary bids for stake sale in national carrier Air India and BPCL next month, according to sources.</p>.<p>The airline is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.</p>.<p>"Expression of Interest (EoI) inviting bids for stake sell in BPCL and Air India expected next month," the sources said.</p>.<p>They, however, added that stake sale in big assets like BPCL will take time as due diligence has to be carried out.</p>.<p>Last month, the Cabinet had approved a strategic divestment of the government's 53.29 per cent stake in BPCL, along with transfer of certain management control.</p>.<p>This is excluding BPCL's equity share holding of 61 per cent stake in Numaligarh Refinery. </p>