Will NRL go into the hands of pvt. players?

144

In view of the Centre’s move to privatize the Bharat Petroleum Corporation Limited (BPCL) and its possible impact on Assam’s Numaligarh Refinery Limited (NRL), Assam Chief Minister Sarbananda Sonowal writes a letter to the Centre to clarify the issue.

In a statement, the state government stated BPCL is the largest shareholder of NRL and if BPCL is privatized, NRL will go into the hands of the private players.

The Numaligarh Refinery Limited (NRL) – a joint venture between Bharat Petroleum, Oil India and Govt of Assam. As of 2014, it had a capacity of 3 million metric tonnes per year. 

The Numaligarh Refinery Employees’ Union (NREU) has demanded the BJP-led central government to retain the public sector undertaking (PSU) status of NRL after reports of proposed disinvestment of Bharat Petroleum Corporation Ltd (BPCL) have come out in the open.

BPCL has four refineries located in Assam, Kerala, Madhya Pradesh, and Maharashtra with a combined capacity to convert 38.3 million tonnes of crude oil into fuel. It has 15,078 petrol pumps and 6,004 LPG distributors. The government has 53.23% stake in the company and 25% is held by public shareholders.

You might also like
Comments
Loading...