BPCL board approves NRL sale to OIL, EIL and Assam govt.
BPCL’s board ofdirectors has approved a proposal to sell its entire 61.65 per cent stake(453.5mn shares) in Numaligarh Refinery Ltd (NRL) to a consortium of Oil Indiaand Engineers India, and the Assam Govt. for `98.76-bn. The participationof the Assam Govt. is subject to the Right of First Refusal (RoFR). In case theAssam Govt. does not exercise the RoFR, the entire stake will be acquired bythe consortium.
The transactionrequires approval of BPCL’s shareholders and is expected to close within onemonth after obtaining all requisite approvals.
The sale is animportant milestone in BPCL’s disinvestment process, which is expected to be completedby early Q2FY22. The cash proceeds may be distributed as special dividends of `40-`50/sh to BPCLshareholders.
SATO partners with Supreme Industries to drive access to affordable sanitation and hygiene solutions across India
(from left toright – Mr. MP Taparia, Managing Director, The Supreme Industries Ltd.;Ms. Erin McCusker, Senior Vice-President at LIXIL, and Leader of SATO)
New Delhi, July 2024: SATO, the award-winning social business part of LIXIL anda global leader in innovative sanitation and hygiene solutions, is thrilled toannounce a strategic partnership with Supr
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REI Expo 2021: A Powerhouse of Innovations and Solutions for the Renewable Energy Industry
The 14th editionto be held from 15-17th Septemberat India Expo Mart, Greater Noida
Delhi NCR, 06
thSeptember 2021: The Renewable Energy India (REI) Expo, Asia’s largest and mostinfluential expo in the RE space by Informa Markets in India, is back this yearin its 14
th epicedit
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KONE DX Class will not only future-proof yourbuilding with market-leading elevator technology but also inspire, inform, anddelight with an elevator experience – above and beyond anything you haveexperienced so far.
KONE India has launched the world’s first,ground-breaking class of digitally connected KONE DX Class Elevators
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