OIL, IOC may get Numaligarh refinery as govt 'wants to keep it' with a PSU.

The strategic sale of 53.29 per cent in Bharat Petroleum Corporation (BPCL) would be done without Numaligarh Refi-nery (NRL), Finance Minister Nirmala Sitharaman said recently.

So, the first hurdle before the government in the strategic sale of BPCL, for which it is running against time, would be the fast demerger of the Northeast-based refinery. BPCL holds 61.65 per cent in NRL and analysts say BPCL’s sale without NRL is likely to have an impact of Rs. 40 per share. 

BS