Nagarjuna Oil Refinery Ltd. (NORL) has ended discussions with Netoil (Singapore) (Pte.) Ltd. for the sale of its interest in subsidiary Nagarjuna Oil Corp. Ltd. (NOCL) in a deal that would have advanced the long-stalled construction of NOCL’s planned 6 million-tonne/year refinery at Cuddalore, Tamil Nadu, about 180 km south of Chennai, India, on the Bay of Bengal.

Source: News