{"id":402928,"date":"2021-03-03T12:23:25","date_gmt":"2021-03-03T06:53:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=402928"},"modified":"2021-03-03T13:06:53","modified_gmt":"2021-03-03T07:36:53","slug":"disinvestment-bpcls-nrl-stake-sale-to-fetch-over-rs-5000-crore-for-centre","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/disinvestment-bpcls-nrl-stake-sale-to-fetch-over-rs-5000-crore-for-centre\/","title":{"rendered":"Disinvestment: BPCL\u2019s NRL stake sale to fetch over Rs 5,000 crore for Centre"},"content":{"rendered":"<p>Ahead of privatisation of Bharat Petroleum Corporation (BPCL), the board of the fuel-retailer-cum-refiner on Monday approved sale of the company\u2019s 61.65% stake in Numaligarh Refinery (NRL) which will garner about Rs 5,232 crore to the Centre as special dividend.<\/p>\n<p>\u201cPrivatisation process of BPCL moves ahead with BPCL Board deciding to exit from NRL at a consideration of Rs 9,875.96 crore for its 61.65% stake with transfer of control. OIL, EIL and Government of Assam will be picking up the stake,\u201d department of investment and public asset management (DIPAM) secretary Tuhin Kanta Pandey tweeted. The Centre holds 52.98% stake in BPCL. \u201cSpecial dividend will be taken out at appropriate time,\u201d another senior DIPAM official said.<\/p>\n<p>BPCL operates four refineries in India, Mumbai Refinery, Kochi Refinery, BORL-Bina Refinery and NRL with a combined crude oil refining capacity of 38.3 MMTPA (766 KBPD). BPCL\u2019s stake in NRL is not part of the Centre\u2019s offer to sell its entire stake in BPCL to a strategic buyer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ahead of privatisation of Bharat Petroleum Corporation (BPCL), the board of the fuel-retailer-cum-refiner on Monday approved sale of the company\u2019s 61.65% stake in Numaligarh Refinery (NRL) which will garner about Rs 5,232 crore to the Centre as special dividend. \u201cPrivatisation process of BPCL moves ahead with BPCL Board deciding to exit from NRL at a consideration of Rs 9,875.96 crore for its 61.65% stake with transfer of control. OIL, EIL and Government of Assam will be picking up the stake,\u201d department of investment and public asset management (DIPAM) secretary Tuhin Kanta Pandey tweeted. The Centre holds 52.98% stake in BPCL. [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-402928","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402928","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=402928"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402928\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=402928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=402928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=402928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}