Oil India teams up with Engineers India to bid for BPCL’s 61.65% stake in Numaligarh Refinery
New Delhi: Oil India NSE 2.18 % (OIL) has teamed up with Engineers India NSE 1.61 % Ltd (EIL) to bid for BPCL NSE -0.50 %’s 61.65% stake in Numaligarh Refinery Limited (NRL).
The boards of the two state-run firms approved on Thursday their plans to jointly bid and, if successful, acquire BPCL’s stake in NRL that operates a 3 million tonnes a year refinery in Assam.
