financetom
Forex World Market Business Cryptocurrency Commodities MAP
financetom
Business
financetom
/
Business
/
OIL, EIL to bid for BPCL's 61.65% stake in Numaligarh Refinery
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
OIL, EIL to bid for BPCL's 61.65% stake in Numaligarh Refinery
Feb 19, 2021 8:19 AM

As the government is looking to divest stake in Bharat Petroleum Corporation (BPCL) there is some positive news for the company. Oil India (OIL) and Engineers India (EIL) will be forming a consortium to bid for BPCL's 61.65 percent stake in Numaligarh Refinery.

Oil India already has 26 percent stake in the refinery, so it will be increasing it further and EIL will have a minority stake for now. To what extent they will be investing in the refinery depends on what the Assam government does, as at present they have 12.50 percent stake in Numaligarh Refinery.

Watch the video to know more about the consortium and the stake they would acquire from BPCL.

(Edited by : Jerome Anthony)

First Published:Feb 19, 2021 5:19 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exxon floats $100 billion carbon storage project requiring public, private financing
Exxon floats $100 billion carbon storage project requiring public, private financing
Apr 20, 2021
The plan would require ”USD 100 billion or more” from companies and government agencies to store 50 million metric tons of CO2 by 2030, with capacity potentially doubling by 2040, Joe Blommaert, president of Exxon’s Low Carbon Solutions business, said in an interview.
 Panasonic to buy US supply-chain software firm Blue Yonder for $7.1 billion
Panasonic to buy US supply-chain software firm Blue Yonder for $7.1 billion
Apr 23, 2021
In its biggest acquisition in a decade, Panasonic Corp on Friday said it will buy US supply-chain software company Blue Yonder in a deal worth $7.1 billion, to tap growing demand from companies as the COVID pandemic tests their resilience to disruption.
 EXPLAINER: Charmed by Madoff, SEC later tightened its rules
EXPLAINER: Charmed by Madoff, SEC later tightened its rules
Apr 15, 2021
In Madoff's words in 2009, it seemed it never entered the SEC's mind that it was a Ponzi scheme. Agency examiners never asked for basic records to corroborate his operations, he said in a prison interview with the SEC inspector general.
 Explained: How Amazon fought and won Union in Alabama
Explained: How Amazon fought and won Union in Alabama
Apr 24, 2021
Amazon Labour Movement: With an overwhelming majority, Amazon defeated an unionisation drive at one of its Alabama warehouses, securing a major win for the e-commerce giant and delivering a blow to organized labour who hoped to unionize a US Amazon facility.
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
financetom Market Personal Finance Business Economy Cryptocurrency MAP
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2026 - www.financetom.com All Rights Reserved