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BPCL to sell entire stake for Rs 9,876 crore

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4 years ago

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Bharat Petroleum Corporation Ltd. (BPCL) will sell a stake in Numaligarh Refinery for Rs 9,876 crore. BPCL announced the exit from Numaligarh Refinery Ltd in Assam on Monday. BPCL said that it would hold its entire stake in Numaligarh Refinery, Oil India Ltd. (OIL) and Engineers India Ltd. (EIL) will sell the alliance for Rs 9,876 crore. Numaligarh Refinery Ltd. The sale will pave the way for the privatization of the country’s second-largest retail fuel company. It is known that the government is preparing to privatize BPCL. Oil India Ltd., Engineers India Ltd., And the Assam government have shown interest in buying this stake. The board of directors of BPCL approved the sale on Monday.

In a communication sent to the stock exchanges, the company said, “BPCL’s board approved a proposal to sell entire 445.35 crore equity shares of BPCL to NIL and ELI and Assam government in NRL in a meeting held on March 1, 2021. The stake will be sold for Rs 9875.96 crore.

After the sale of NRL, BPCL will have three refineries at Mumbai, Kochi (Kerala) and Bina (Madhya Pradesh). The government is going to sell its entire 52.98 percent stake in BPCL. It is being called the biggest privatization of today.

Government Numaligarh Refinery Ltd. (NRL) has been decided to be placed in the public domain under the Assam Peace Accord. Under this, BPCL will sell its entire 61.65 percent stake in NRL to public sector companies. OIL and Engineers India Ltd. The alliance will probably acquire a 49 percent stake. The remaining 13.65 percent stake will be held by the Assam government. NRL operates a 3 million tonne per annum oil refinery in Assam. OIL currently has a 26 percent stake in NRL. The Assam government holds a 12.35 percent stake in it.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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