Divakar Vijayasarathy, founder and managing partner at consulting firm DVS Advisors LLP, said as BPCL is an asset critical for the energy requirements, the security clearance is expected to be much more stringent with the last date for submission of bids having been extended thrice. Vijayasarathy added mandating security clearances for all the interested parties is a step in the right direction instead of doing so in case of only the highest bidder. “In the recent past, many contracts/tenders, in which Chinese companies were participating, have been cancelled at the last moments. Such jeopardy could well be avoided [now]…”
