Engineers India has entered into a Share Purchase Agreement (SPA) for the proposed acquisition of 3,21,46,957 equity shares in the share capital of Numaligarh Refinery (NRL) (a company primarily engaged in the business of refining of petroleum products) from Bharat Petroleum Corporation (BPCL). OIL India is also a party to a SPA and would independently be acquiring 39,84,36,929 equity shares from BPCL pursuant to the SPA.
Engineers India is engaged in the business of providing engineering and related technical services for petroleum refineries and other industrial projects.
