Assam's Numaligarh Refinery Limited (NRL) will soon sell motor spirit and high speed diesel to Nepal, an official said Wednesday.
The NRL, which commenced commercial production in October 2000, recently signed an agreement with Nepal's Birat Petroleum Private Limited (BPPL) for selling motor spirit and high speed diesel.
The governments of Nepal and India have already given NRL permission to enter the Nepal market.
NRL officials said the company is expected to sell around 100 kl of motor spirit and 5,000 kl of high speed diesel per month to BPPL.
"The actual sale is expected to start in the first quarter of the 2014-15 financial year after BPPL obtains necessary clearance from the government of Nepal," said an NRL spokesman.
The total demand of petroleum products in Nepal is around one million tonnes a year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app