Centre shelves decision to privatise NRL, NEEPCO to merge with NTPC
First Published: 21st November, 2019 22:34 IST
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
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 way for the government to sell 53.2 per cent of its stake in BPCL. But this will not include BPCL’s equity shareholding in Numaligharh Refinery.
The BPCL holds 61.65% share of NRL. The remaining 38.35% share is held by Assam government and Oil India Limited.
Massive protests over the past couple of months triggered the move. Locals staged protest fearing economic slow-down and unemployment as well as other socio-economic problems.
Infact, opposition Congress had also been actively spearheading protests after centre earlier proposed privatization of NRL.
Apart from BPCL, the government has also approved disinvestment in four other central public sector enterprises that includes the likes of Shipping corporation of India, Container corporation of India, THDC India and North Eastern Electronic power Corporation Limited NEEPCO.
NEEPCO will now be merged with NTPC. Government has decided to sell its 74.23% stake in NEEPCO along with management control to state run NTPC.
COMMENTS
TOPMOST STORY NOW
Live 12 Bangladeshi Nationals Including 4 Children and Women Detained in Tripura
22nd November 2024
Live Meghalaya Minister Rakkam A. Sangma Doubts Congress’ Political Revival in State
22nd November 2024
Live Manipur: Bodies of 6 Killed in Jiribam Handed Over to Their Families
22nd November 2024
Live 5 Bangladeshi nationals arrested in Meghalaya
22nd November 2024
WE RECOMMEND
Assam: Man Who Beats a Lactating Female Dog to Death In Front of Her Puppies Arrested
It needs to be mentioned that, the arrest led to the protest by the local women demanding action against Saikia.
22nd November 2024
Assam: Father-Daughter Duo Killed in Road Accident On the Way To School in Bongaigaon, Angry Locals Torch Bus
In the aftermath of the incident, enraged locals staged a protest, blocking the national highway and setting the bus on fire.
22nd November 2024
3 Assam Cops Suspended After Bangladeshi Infiltrator Escapes from SMCH
A case has been registered against the three personnel, and Hailakandi SP Leena Doley has initiated a high-level probe into the incident.
22nd November 2024
Heart Breaking: Assam Youth Beats a Lactating Female Dog to Death In Front of Her Puppies
The dog was desperate for food after giving birth to five puppies, and she ventured into the broiler farm and ate a chicken.
21st November 2024
Malaria Cases Surge in Assam’s Kokrajhar, 2 Including a Child Dies in a Week
A total of 1,901 cases were detected as of November 18, 2024 in Kokrajhar.
21st November 2024