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OIL to hold 74% in BPCL's NRL
Jan. 27, 2020

OIL to hold 74% in BPCL's NRL

State-owned OIL India alongwith Assam government is planning to acquire BPCL's 61% stakes in Numaligarh Refinery. This will retain the public sector character of the Assam-based entity. "OIL best fits the bill to take over NRL because of the synergy arising from their operations largely being located in the Northeast and its existing investment in NRL", said an official source.

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