Disinvestment: BPCL to sell Numaligarh Refinery stake for ₹9,876 cr
3 years, 10 months ago

Disinvestment: BPCL to sell Numaligarh Refinery stake for ₹9,876 cr

Hindustan Times  

Privatisation-bound Bharat Petroleum Corporation Ltd on Monday said it will exit Numaligarh refinery in Assam by selling its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for ₹9,876 crore. A consortium of Oil India Ltd, Engineers India Ltd, and the Government of Assam expressed interest in buying the stake and the BPCL board on Monday approved the sale. The consortium of OIL and Engineers India Ltd is likely to acquire 49 per cent and the rest 13.65 per cent will be sold to the Government of Assam. BPCL holds a 63.68 per cent stake in Bharat Oman Refineries Ltd, which built and operates a 7.8 million tonne oil refinery at Bina.

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