BORL To Announce Initial Public Offering

Bharat Oman Refineries Limited (BORL), a subsidiary of Bharat Petroleum Corporation (BPCL)-is now looking to bring out its Initial public Offering (IPO) on next financial year. The company has also appointed the merchant bankers to open the IPO.

Bharat Oman Refineries Limited (BORL), a joint venture of M/S. Bharat Petroleum Corporation Limited and M/s. Oman Oil Company Limited, is setting up a state of art grass-root refinery with a capacity of 6 MMTPA at Bina-District Sagar-Madhya Pradesh.