1,750 crore, will use 5 lakh MT bamboo per annum as raw material.. Numaligarh Refinery Limited (NRL) managing director S.K. Managing Director of NRL S K Barua tweeted, “NRL has resumed works of its capital projects in Assam worth over Rs.2000 Crs observing all health protocols. The sale of Numaligarh Refinery Ltd clears the way for privatisation of India’s second-largest fuel retailer. Company had already inked two important MoU, one with Dhamra Port Company Limited (DPCL) and the other with Cement Corporation of India (CCI) BPCL will give the buyer ownership of around 15.33% of India's oil refining capacity and 22% of the fuel marketing share. The stake sale in NRL clears the way for privatisation of India's second-largest fuel retailer. The acquisition is expected to improve the synergy in Oil India’s portfolio. India’s BPCL to Sell Numaligarh Refinery Stake for $1.3 Billion. NTID 24344931. Increase in Numaligarh Refineries FY22E GRM would be US$27.5/bbl even if excise is cut by Rs5/l (base case) and US$32.5/bbl if excise in not cut. for Rs 2,399.26 crore. Close Date: 2021-05-03. The Numaligarh refinery in Assam is being expanded by 6Mtpa additional processing capacity. Feb 1, 2021. The government has already indicated that it expects to complete BPCL privatisation by the first half of the fiscal year beginning April 1 (2021-22). The Numaligarh Refinery is located at Morangi, Golaghat district, Assam in India is a refinery which is a joint venture between Bharat Petroleum (61.65%), Oil India (26%) and Government of Assam (12.35%) and is a subsidiary of Bharat Petroleum. "We are very happy with the price that we got from OIL-led consortium," he said. The matter contained in the report is confidential Its petrol pumps sell more fuel than any other state-owned firm, with an average per pump thruput of 134 kilolitres per month against the industry average of 125 kilolitres. BPCL to sell Numaligarh Refinery stake for Rs 9,876 crore; BPCL to sell Numaligarh Refinery stake for Rs 9,876 cr; Numaligarh Refinery acquisition a step towards creating a mega company, says OIL CMD; Surya Roshni bags Rs 299 crore order for supply of carbon steel line pipes to Numaligarh Refinery In keeping with the Assam Peace Accord, the government had decided to keep Numaligarh Refinery Ltd (NRL) in the public sector. (Track Bharat Petroleum share price here) Consolidated net worth of Numaligarh Refinery as of 3 1st March, 2020 was Rs.5,292 crore equivalent … 122A, G S Road The proposal includes the sale of 45.36 crore shares (Rs 10 each) of Numaligarh Refinery to a consortium of Oil India Ltd. and Engineers India Ltd. (48% stake), and to … The sale is key to achieving the Rs 1.75 lakh crore disinvestment target set for 2021-22. BPCL sold shares in NRL at a price of Rs 217.75 per share, totalling Rs 9,875.96 crore. The offer by the OIL-led consortium was "above the reserve price we had set for the stake sale," he told reporters. Organization : Numaligarh Refinery Limited. In the run-up to the privatisation, BPCL last month agreed to buy out Oman Oil Company's shares in the Bina refinery project for about Rs 2,400 crore. A consortium of OIL, EIL and Government of Assam expressed interest in buying the stake and the BPCL board on Monday approved the sale. India, India Said to Give BPCL Bidders Data Access for Stake Sale, India’s BPCL to Sell Numaligarh Refinery Stake for $1.3 Billion. Numaligarh Refinery Ltd. (NRL) is a modern Petroleum Refinery operating from North Eastern part of India in the state of Assam producing Fully Refined Paraffin Wax and Semi- Refined Paraffin Wax of very high quality. It will buy 36.62 per cent of the equity share capital from OQ S.A.0.C. OIL shareholding in NRL would rise to 69.63 per cent. 1. Image courtesy of Numaligarh Refinery Limited. (formerly known as Oman Oil Company S.A.0.C.) Numaligarh Refinery Ltd provides refining and marketing petroleum products. Guwahati: Assam-based Numaligarh Refinery (NRL) has said the company recorded highest-ever revenue at Rs 18,511 crore in 2018-19, registering a growth of 16.25 per cent. OIL currently holds 26 per cent equity in NRL while Government of Assam has around 12.35 per cent. The Numaligarh refinery … OIL currently holds 26 per cent stake in … GUWAHATI: Assam based Numaligarh Refinery Limited has resumed work on project worth Rs. NTID 24396496. The Numaligarh refinery expansion project is estimated to cost $3.17bn. Getty Images. The rise in the crude price is also one of the reasons why the stock price is set to move up. The unit initially could turn 6 million tonnes of crude oil annually into fuel, which was subsequently raised to 7.8 million tonnes. Not Estimated. The government holds 52.98 per cent stake in BPCL and will be the biggest beneficiary of any such special dividend payout. Shares of the state-owned refinery ended 3 per cent higher on the BSE, at Rs 469 per share, as its Board approved to offload the firm's holding in the Numaligarh Refinery unit for Rs 9,878 crore ($1.3 billion) as part of BPCL's privatization process. To ensure this, it was decided that BPCL will sell its entire 61.65 per cent stake to state-owned firms. The Company offers automotive and households fuel, as well as import and export services. Numaligarh Refinery stake sale value of Rs 9,900 crore, which is higher than the Rs 8,400 crore estimate, while positive surprise is 1.5% of BPCL's … NRL operates a 3 million tonnes per annum oil refinery in Assam. BPCL will also acquire 36.62% from Oman Oil in Bharat Oman Refinery Ltd. (Bina refinery) for Rs 2,400 crore. in Bina refinery for Rs 2,399.26 crore. "Definitely a portion (of the proceeds) will go to the shareholders as dividend as we have a healthy tradition of rewarding shareholders.". Post NRL sale, BPCL would be left with three refineries at Mumbai, Kochi (Kerala) and Bina (Madhya Pradesh), which together make up for 14 per cent of India's oil refining capacity. IndianOil may bid for BPCL stake in Numaligarh Refinery Richa Mishra/Twesh Mishra New Delhi | Updated on November 26, 2019 Published on November 26, 2019 A file photo of Numaligarh Refinery in Assam. Guwahati, 781005 Barua informed Assam chief minister Sarbananda Sonowal during the latter’s visit to the plant at Numaligarh in Golaghat district on Wednesday. 3. NRL operates a 3 million tonnes per annum oil refinery in Assam. Earnings per share (EPS) stood at Rs 27.79 while net worth reached Rs 5,551 crore in FY19. Government of Assam will pick up 13.65 per cent to raise its holding to 26 per cent and the balance would go to OIL," he said. Before the government sells its entire stake in BPCL, the company is exiting NRL and buying out a 36.62 per cent stake held by OQ S.A.0.C. 2. The proceeds from the stake sale will be used to buy out Oman Oil's stake in Bina refinery, pay capital gains tax and pay a dividend to shareholders, he said. A transaction adviser hired by the government is already conducting the valuation exercise, he said. Read more about Numaligarh Refinery expansion project to cost Rs 20,000 cr on Business Standard. Oil India and Engineers India consortium are to acquire 61.65% stake in Numaligarh Refinery. Numaligarh,Assam, India. View More Quick Reply. BPCL will seek approval of the shareholders at a meeting on March 25 and plans to sign the sale pact within two days of that and conclude the transaction before month-end, he said. Currently holds 26 per cent stake in Numaligarh Refinery around 50 TMT move up consortium was above!.. 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