Assam CM dashed a letter to Centre seeking to know if BPCL is privatized, NRL will go into the hands of private player

Guwahati: Assam chief minister Sarbananda Sonowal dashed a letter to Centre following reports doing rounds for the last few days regarding handing over of the Bharat Petroleum Corporation Limited (BPCL) to private player and the consequent private investment in Numaligarh Refinery Limited (NRL) where in BPCL is the largest shareholder.

In a statement the state government stated BPCL is the largest shareholder of NRL and if BPCL is privatized, NRL will go into the hands of private player. In the wake of this, Sonowal on Monday sent a letter to the Central Government.

BPCL holds 61.65 per cent stake in the NRL while Oil IndiaNSE 0.59 % Limited (OIL) has 26 per cent stake. The Government of Assam has 12.35 percent stake in the refinery.