The exact percentage of the stake of OIL and EIL will depend on the extent of right of first offer to be exercised by govt of Assam, which already holds 12.35% stake in NRL
The move to declare the pipeline a common carrier may clog capacity of the pipeline with more entities wanting to opt for this cheaper means of gas transport
This will help OIL to increase product evacuation from 1.72 million metric tonnes per annum (mmtpa) to 5.50 mmtpa through Numaligarh-Siliguri pipeline
The memorandum of understanding (MoU) was signed on Thursday, Nalco said in a BSE filing
Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid
Assam gives NOC for sale of 61.65% stake in Numaligarh Refinery, a BPCL subsidiary
May 2 set as deadline to submit EoIs, PSUs kept out
The company's Rs 676-cr wax plant was commissioned by Prime Minister in February this year and is the largest in India
A major reason why the government kept NRL outside the strategic sale of BPCL was its importance to the Assam Accord
The high valuation is another reason for analysts to be cautious on the stock
The Centre hopes that disinvestment proceeds will make up for some of the revenue shortfall that is expected this year
The company has identified Namrup block in Dibrugarh and Mesaki in Tinsukia districts for foraying into exploration of crude
The Cabinet also decided to recapitalise the Exim Bank to the tune of Rs 6,000 crore and to double the authorised capital to Rs 20,000 crore
The imports are meant for catering to NRL's capacity expansion
The project has been planned keeping in view the future demand of bio-fuel in the region
The company said this e-invoicing initiative was part of the central government's vision of a 'Digital India'
With a Gross Refining Margin of $8.06 per barrel, it has been one of the best in the industry
NRL is the first amongst oil PSUs to undertake this environment-friendly initiative