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BPCL to acquire additional 36.62% stake in Bharat Oman Refineries

16 Dec 2020 Evaluate

Bharat Petroleum Corporation (BPCL) is planning to acquire additional 36.62% equity share in Bharat Oman Refineries (BORL) from OQ S.A.O.C (formerly known as Oman Oil Company). The company already owns the majority 63.38% stake in BORL.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.

Peers
Company Name CMP
Reliance Industries 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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