Oil India has transferred 3,61,15,840 equity shares of Numaligarh Refinery (NRL) in favour of Government of Assam on September 02, 2021, at a consideration of Rs 217.75 per share (total consideration aggregating to Rs.786,42,24,160). Post the above transfer, company's equity shareholding in NRL is 72.15%.
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production company.