Oil India-led consortium to bid for acquiring BPCL’s stake in Numaligarh Refinery

Oil India Ltd (OIL) in consortium with Engineers India Ltd (EIL) has decided to bid for acquiring 61.65 per cent stake of Bharat Petroleum Corporation Ltd (BPCL) in Numaligarh Refinery Ltd (NRL). The bid is to be submitted through a formal process. The exact percentage of the stake of OIL and ElL will depend on […]

Centre shelves decision to privatise NRL, NEEPCO to merge with NTPC

The government has announced that the Numaligarh refinery will remain under government’s control and will not be privatised. Finance Ministry on Wednesday gave in-principle approval for the sale of its stake in five Corporate Public Social Enterprises, including Bharat Petroleum Corporation Limited, Shipping Corporation of India and Container Corporation of India. The approval paves the […]

Employees’ union oppose NRL privatisation bid, hold protests

Several outfits held a protest on Friday against the proposed disinvestment of the Bharat Petroleum Corporation Limited at the Numaligarh Refinery Limited. The protestors headed mainly by the Numaligarh Refinery Employees Union protested against the Centre’s move to disinvest in NRL paving the way for partial privatisation. Currently, the BCPL holds 61.65 percent share of […]