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Assam ready to pay Rs 2,000 crore for additional 13.6% stake in Numaligarh refinery

The central government has clarified that NRL will remain in the public sector and the proposed BPCL disinvestment programme will exclude the firm’s share in Numaligarh.

The government of Assam is willing to pay Rs 2,000 crore for an additional 13.6% stake in Numaligarh Refinery (NRL) which has a three million tonne per annum (MTPA) petroleum refinery. Currently, the state government owns 12.4% stake in the refinery and 26% is held by Oil India (OIL). Bharat Petroleum (BPCL) owns 61.7% stake in NRL.

The central government has clarified that NRL will remain in the public sector and the proposed BPCL disinvestment programme will exclude the firm’s share in Numaligarh. While speaking about the state’s willingness to pay Rs 2,000 crore at an event here on Thursday, Assam’s commerce and industry minister Chandra Mohan Patowary said that ‘the central government’s stake in NRL should be given to OIL as it has significant operations in the region’.

The central government has clarified that NRL will remain in the public sector and the proposed BPCL disinvestment programme will exclude the firm’s share in Numaligarh. While speaking about the state’s willingness to pay Rs 2,000 crore at an event here on Thursday, Assam’s commerce and industry minister Chandra Mohan Patowary said that ‘the central government’s stake in NRL should be given to OIL as it has significant operations in the region’.

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