The Bongaigaon Refinery & Petrochemicals Ltd. (BRPL) now

IOCL Indian Oil Corporation Limited (IOCL; d/b/a IndianOil) is a central public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It is headquartered in New Delhi. It is a public sector unde ...

Bongaigaon Refinery Bongaigaon Refinery is an oil refinery and petrochemical complex located in the city of Bongaigaon in the administrative district of Chirang in Assam. It was announced in 1969 and construction began in 1972. History On 5 December 1972, the the ...

(BGR) is a petroleum refinery company in

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

. It was incorporated on 20 February 1974 by the government of India. The company began with initial funds of Rs. 50 crore (Rs. 500 million), which was increased to Rs. 200 crore by December 1983. The total paid capital of the company was Rs. 199.82 crore as of 31 March 2005. The Government of India held the entire paid-up capital of the Company until 1990-91, but sold 25.54% of its shareholding to the public during 1991-92 to 1993-94. The remaining equity of 74.46% was

divested In finance and economics, divestment or divestiture is the reduction of some kind of asset for financial, ethical, or political objectives or sale of an existing business by a firm. A divestment is the opposite of an investment. Divestiture is a ...

in favor of the Indian Oil Corporation Ltd. on 29 March 2001. As a result, BRPL became a subsidiary company of the Indian Oil Corporation Ltd., a Government owned corporation. In 25 March 2009 BRPL merged with Indian Oil Corporation Limited (

) to become its eight largest refinery and came to be known as

(BGR).

External links

Bongaigaon Refinery and Petrochemicals Ltd
{{authority control Oil and gas companies of India Bongaigaon Government-owned companies of India Energy in Assam Companies based in Assam Petrochemical companies of India 1974 establishments in Assam Indian companies established in 1974 Indian companies disestablished in 2010 Energy companies established in 1974