Bharat Petroleum Corporation (BPCL) has received approval from board for sale of entire equity shares i.e. 45,35,45,998 equity shares of Rs 10 each in Numaligarh Refinery (NRL) (constituting 61 .65% of the total equity capital of NRL), a material subsidiary company of BPCL to a consortium of Oil India and Engineers India, (consortium) and to Government of Assam, or only to the said consortium in case Government of Assam does not participate in purchase of said shares, in such proportion and on such terms and conditions as approved by the Board.
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.
