Registration for sale of 92.258 acres at Rasayani to BPCL completed for Rs.166.14 Cr
HOCL has completed the registration for sale of 92.258 acres of land at Rasayani to BPCL.
By ScoutQuest · · 1 min read
- Land area divested
- 92.258 acres of land at Rasayani
- Sale consideration
- Rs.166.14 Cr. (approx.)
- Part of approved sale
- 242 acres at Rasayani to BPCL
What the company said
Hindustan Organic Chemicals Ltd (HOCL) has completed the registration for the sale of land parcels comprising 92.258 acres at Rasayani in favour of BPCL. The registration was completed on the evening of 26th October, 2026. The sale consideration stated is Rs.166.14 Cr. (approx.). Applicable TDS will also be deducted from the sale proceeds.
Where this fits
The Ministry of Chemicals & Fertilizers, Government of India, had communicated the decision to sell 242 acres of land at Rasayani to BPCL as part of the restructuring of HOCL. Shareholders had earlier approved the sale of that 242 acres of land. The registration now completed relates to 92.258 acres out of that land, at the consideration stated above. The company has described this step as being in accordance with the Government decision and the shareholders' approval.
Why it matters
- The sale has moved to the stage of registration of the land in favour of BPCL, which the company has now intimated.
- The stated consideration for the 92.258 acres is Rs.166.14 Cr. (approx.).
- The amount finally received would be after deduction of applicable TDS, as stated in the update.
- The transaction sits within the larger Government-approved restructuring plan involving 242 acres at Rasayani.
What to keep in mind
This intimation covers the registration of 92.258 acres out of the 242 acres approved for sale to BPCL, at a stated consideration of Rs.166.14 Cr. (approx.), with TDS to be deducted from the proceeds.
Also from Hindustan Organic Chemicals
Board meeting on 04 November 2026 to consider and approve Q2 results
22 Oct 2026
More numbers
- Land registered for sale to BPCL at Rasayani92.258 acres
- Land approved for sale to BPCL at Rasayani242 acres
- Sale consideration for the registered landRs.166.14 Cr. (approx.)
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