BPCL exits Numaligarh Refinery ahead of privatisation
NRL has been carved out from the BPCL and is not part of the assets which are being sold as part of its privatisation plan.
NRL has been carved out from the BPCL and is not part of the assets which are being sold as part of its privatisation plan.
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.
With the submission of the bid, the transaction for Numaligarh refinery may now be targeted for closure before the end of March.
