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Nagarjuna Oil Corporation files for bankruptcy

Nagarjuna Oil Corporation (NOCL) has filed for bankruptcy. The oil to fertiliser giant which is been promoted jointly by the Hyderabad-based Nagarjuna Fertiliser Group (NFCL) and state-run TIDCO (Tamil Nadu Industrial Development Corporation) has filed for bankruptcy under the ‘Insolvency and Bankruptcy Code (IBC)’. The other major shareholders includes Tata Sons ,Tata Petrodyne and Trafigura. The company was in the ... Read More »

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