{"id":408341,"date":"2021-04-01T08:48:00","date_gmt":"2021-04-01T03:18:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=408341"},"modified":"2021-04-01T09:34:51","modified_gmt":"2021-04-01T04:04:51","slug":"privatisation-bound-bpcl-acquires-oqs-stake-in-bina-refinery","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/privatisation-bound-bpcl-acquires-oqs-stake-in-bina-refinery\/","title":{"rendered":"Privatisation-bound BPCL acquires OQ&#8217;s stake in Bina refinery"},"content":{"rendered":"<p>Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it has acquired partner OQ&#8217;s entire stake in the Bina refinery project in Madhya Pradesh for Rs 2,400 crore.<\/p>\n<p>BPCL signed a sales purchase agreement with OQ, formerly known as Oman Oil Company Ltd, to acquire its 36.6 per cent stake in Bharat Oman Refineries Limited, the company said in a statement. <\/p>\n<p>With this, BPCL now has full control over BORL, which runs a 7.8 million tonnes per annum capacity oil refinery at Bina in Madhya Pradesh.<\/p>\n<p>&#8220;Bharat Oman Refineries Limited was incorporated in 1994 as a public limited company with equal equity participation of BPCL and OQ. Since March 2020, BPCL has been holding 63.4 per cent and OQ 36.6 per cent equity in the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it has acquired partner OQ&#8217;s entire stake in the Bina refinery project in Madhya Pradesh for Rs 2,400 crore. BPCL signed a sales purchase agreement with OQ, formerly known as Oman Oil Company Ltd, to acquire its 36.6 per cent stake in Bharat Oman Refineries Limited, the company said in a statement. With this, BPCL now has full control over BORL, which runs a 7.8 million tonnes per annum capacity oil refinery at Bina in Madhya Pradesh. &#8220;Bharat Oman Refineries Limited was incorporated in 1994 as a public limited company with [&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-408341","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\/408341","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=408341"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/408341\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=408341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=408341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=408341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}