{"id":390089,"date":"2020-12-18T08:38:48","date_gmt":"2020-12-18T03:08:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=390089"},"modified":"2020-12-18T09:20:07","modified_gmt":"2020-12-18T03:50:07","slug":"bpcl-board-approves-buying-out-oman-oils-stake-in-bina-refinery","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-board-approves-buying-out-oman-oils-stake-in-bina-refinery\/","title":{"rendered":"BPCL board approves buying out Oman Oil&#8217;s stake in Bina refinery"},"content":{"rendered":"<p>Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Thursday said its board has approved buying out Oman Oil Company&#8217;s stake in the Bina refinery project in Madhya Pradesh on mutually agreeable terms. <\/p>\n<p>The BPCL board at its meeting on Thursday also approved merging Bharat Gas Resources Ltd (BGRL) with itself, the company said in a filing to the stock exchanges. <\/p>\n<p>BPCL holds 63.68 per cent stake in Bharat Oman Refineries Ltd (BORL), which built and operates a 7.8 million tonne oil refinery at Bina in Madhya Pradesh. <\/p>\n<p>The board &#8220;accorded its approval for acquisition of 88.86 crore (39.62 per cent) of equity shares in Bharat Oman Refineries Ltd from OQ S.A.O.C. (formerly known as Oman Oil Company) subject to finalisation of definitive agreement between parties,&#8221; it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Thursday said its board has approved buying out Oman Oil Company&#8217;s stake in the Bina refinery project in Madhya Pradesh on mutually agreeable terms. The BPCL board at its meeting on Thursday also approved merging Bharat Gas Resources Ltd (BGRL) with itself, the company said in a filing to the stock exchanges. BPCL holds 63.68 per cent stake in Bharat Oman Refineries Ltd (BORL), which built and operates a 7.8 million tonne oil refinery at Bina in Madhya Pradesh. The board &#8220;accorded its approval for acquisition of 88.86 crore (39.62 per cent) of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-390089","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=390089"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390089\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=390089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=390089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=390089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}