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BPCL to sell Numaligarh Refinery stake for Rs 9,876 cr

March 3, 2021

Source: Energyworld

BPCL to sell Numaligarh Refinery stake for Rs 9,876 cr

Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) 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 Rs 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.

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