Economy Assam heaves sigh of relief as government rules out Numaligarh Refinery privatisation Updated : November 22, 2019 06:19 AM IST The Numaligarh Refinery Employees' Union (NREU) that had been protesting against the possibility of the refinery's privatisation welcomed the government’s decision. The NRL, which is a subsidiary of BPCL, was set up as per the Assam Accord of 1985 — an outcome of the six-year-long Assam agitation. The All Assam Students’ Union (AASU), one of the signatories to the Assam Accord, appealed to the Centre against privatisation of state assets in future. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.