{"id":407911,"date":"2021-03-30T10:55:58","date_gmt":"2021-03-30T05:25:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=407911"},"modified":"2021-03-30T12:02:44","modified_gmt":"2021-03-30T06:32:44","slug":"bharat-petroleum-exits-numaligarh-refinery-ahead-of-privatisation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bharat-petroleum-exits-numaligarh-refinery-ahead-of-privatisation\/","title":{"rendered":"Bharat Petroleum exits Numaligarh Refinery ahead of privatisation"},"content":{"rendered":"<p>In a move in the privatisation process of Bharat Petroleum Corporation Ltd. (BPCL), the state-run energy major has sold its entire 61.5 per cent in Numaligarh Refinery in Assam. <\/p>\n<p>The privatisation-bound company has sold its stake to a consortium of Oil India Ltd. (OIL) and Engineers India and Government of Assam for nearly Rs 9,876 crore. <\/p>\n<p>Oil India acquired over 39.84 crore shares or 54.16 per cent stake in NRL. <\/p>\n<p>Post these acquisition OIL\u2019s cumulative equity shareholding in NRL (including pre-acquisition 26 per cent shareholding) is 80.16 per cent. <\/p>\n<p>Engineers India Limited (EIL) which is also a party to the deal, has independently acquired over 3.21 crore equity shares or 4.4 per cent of NRL from BPCL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a move in the privatisation process of Bharat Petroleum Corporation Ltd. (BPCL), the state-run energy major has sold its entire 61.5 per cent in Numaligarh Refinery in Assam. The privatisation-bound company has sold its stake to a consortium of Oil India Ltd. (OIL) and Engineers India and Government of Assam for nearly Rs 9,876 crore. Oil India acquired over 39.84 crore shares or 54.16 per cent stake in NRL. Post these acquisition OIL\u2019s cumulative equity shareholding in NRL (including pre-acquisition 26 per cent shareholding) is 80.16 per cent. Engineers India Limited (EIL) which is also a party to the [&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":[130,211,144],"tags":[],"class_list":["post-407911","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407911","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=407911"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407911\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=407911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=407911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=407911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}