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 …
The government plans to sell its entire 52.98 percent stake in BPCL that will give buyers ready access to 14% of India’s oil refining capacity and about one-fifth of the fuel market share in the world’s fastest-growing energy market. “The bid document is not yet out and we will carefully evaluate bidding once the offer document is out.” He said …
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