Numaligarh Refinery

NTPC, Numaligarh Refinery ink pact to explore green chemical projects

NTPC Ltd on Tuesday said it has signed a non-binding agreement with Numaligarh Refinery Limited (NRL) to explore partnership opportunities for green chemical projects. While NTPC Ltd is an entity under the Ministry of Power, Numaligarh Refinery Limited (NRL) is a subsidiary of Oil India Ltd, engaged in the business of refining and marketing petroleum products. "NTPC and NRL to build a strategic partnership for green chemicals and green projects. NTPC signed a non-binding MoU with NRL for partnership opportunities in the proposed bamboo-based bio-refinery at NTPC Bongaigaon and other green projects," the statement said. The two CPSEs, through this MoU, intend to enhance their footprint in green chemicals and foray into sustainable solutions to advance the efforts towards achieving the nation's Net-Zero targets and be partners in the development of the northeast region, it said. NTPC is committed to achieving 60 GW of renewable energy capacity by 2032 and being a major player in the

NRL, IIT-Guwahati sign pact to develop green carbon from bamboo dust

The Numaligarh Refinery Ltd (NRL) and IIT-Guwahati have signed a Memorandum of Agreement (MoA) to develop technology for production of marketable green carbon from bamboo dust. As part of the project, a plant of capacity 5 MT/batch will be set up to produce green activated carbon by pyrolysing bamboo dust, an official release said on Thursday. NRL Senior Chief General Manager (Corporate Affairs) Nikunja Borthakur and IIT-G Dean Prof G Krishnamoorthy signed the agreement on Wednesday. The R&D project is also aimed towards development of technology for production of very high grade chemically activated carbon having application in pharmaceutical, electronics and mining industries. It will be carried out as an industry-academia collaboration, and enhance the capacity of both NRL and IIT-G through provision of relevant data and information sharing, the release added.

NRL, IWAI sign MoU for transportation of petroleum products to Bangladesh

Numaligarh Refinery Ltd (NRL) and Inland Waterways Authority of India on Thursday signed an MoU for the transportation of petroleum products of the Assam-based company to Bangladesh. The collaboration was made for supplying such products through IWAI's upgraded jetty at Jogighopa in Assam, an official said. NRL envisages to export 200 thousand metric tonne of products per annum to Bangladesh through Jogighopa jetty, after the commissioning of its expanded refinery and petrochemicals plant. The MoU was signed here by NRL's chief general manager (Marketing) Subrata Das and IWAI director A Selva Kumar in the presence of Union Shipping Minister Sarbananda Sonowal and Union Minister of State for Petroleum and Natural Gas Rameshwar Teli. Speaking on the occasion, Sonowal said that collaboration between NRL and IWAI is expected to provide a boost to the Centre's 'Gati Shakti' initiative and 'Act East Policy'. Following the inauguration of the 'India-Bangladesh Friendship Pipeline (IBFPL)

NRL records highest profit after tax since inception at Rs 3,703 crore

The Numaligarh Refinery Limited (NRL) has registered the highest-ever Profit After Tax (PAT) since its inception at Rs 3,703 crore as compared to Rs 3,562 crore registered in the last fiscal, chairman R Rath said on Saturday. In a first, the refinery was also able to achieve capacity utilisation of more than 100 per cent, processing 3,091 TMT of crude oil since its inception, Rath said at the post-AGM press conference after virtually addressing NRL's 30th Annual General Meeting. The refinery also achieved the highest-ever distillate yield of 87.7 per cent and best-ever specific energy consumption (SEC) of 61.7 MBN, he said. The company also recorded the highest-ever revenue from operations during the year at Rs 29,786 crore as compared to Rs 23,547 crore the previous year, he pointed out. The earning per share (EPS) of the company also saw a surge to Rs 25.17 as compared to Rs 24.21 in 2021-22 while the net worth increased to Rs 11,427 crore as on March 31, 2023 as against Rs 8,388

Assam cabinet nod to Rs 823 crore investment in Numaligarh Refinery

The Assam cabinet on Saturday approved an investment of Rs 823 crore in Numaligarh Refinery Ltd for its expansion project. As part of the Rs 28,026 crore project, Numaligarh Refinery will expand its capacity from 3 million metric tonnes (mmt) to 9 mmt, and lay a crude pipeline of 1,398 km from Odisha's Paradip to Numaligarh and a product pipeline of 605 km from Numaligarh to West Bengal's Siliguri. The state government will get additional equity in the company against this investment, and release Rs 205.73 crore in the first tranche, state minister Jayanta Malla Baruah told reporters. The cabinet also decided to amend the Water (Prevention and Control of Pollution) Assam Rules 2022 to incorporate 'Regulation for Idol Immersion', he said. The key feature of it will be the identification of permanent immersion ghats along river banks, he added.

Major fire breaks out near oil wells at Numaligarh Refinery in Assam

Blaze controlled in 20 minutes but water being sprayed to bring temperature down, company says

CPSEs achieve revised capex target of Rs 6.46 trn in FY23: Govt official

Some firms yet to provide their data for March

Greenko lowest bidder for first green hydrogen tender by oil refinery

Numaligarh Refinery is setting up a plant with a capacity of 300 kg per hour

Numaligarh Refinery to invest Rs 35,000 cr in major ongoing projects

The Numaligarh Refinery Ltd (NRL) has planned to invest Rs 35,000 crore for completion of its five major ongoing projects, including the India-Bangladesh Friendship Pipeline (IBFPL), in the next five years, a top company official said on Monday. The company is determined to execute the major ongoing initiatives, namely, Numaligarh Refinery expansion, Paradip Numaligarh crude oil pipeline and crude oil import terminal at Paradip, 2G ethanol project and IBFPL, Chairman cum Managing Director Ranjit Rath told reporters after the annual general meeting. "In the next five years, the company has planned to invest more than Rs 35,000 crore in completing these projects," he said. The projects will enable long-term business growth, and completion of these initiatives without any time and cost overrun remains the core focus area of the company, Rath said. The approved cost of the expansion project is Rs 18,968 crore and as on June 30, 2022, the physical progress was 14.1 per cent and the ...

Numaligarh Refinery presents interim dividend of Rs 95.63 cr to Assam govt

The second interim dividend amounting to Rs 86.35 crore was paid to the state government on November 29, 2021

NRL's capacity expansion cost escalates by Rs 5,432 crore

Numaligarh Refinery Ltd (NRL) on Wednesday said the cost of its capacity expansion project has escalated by Rs 5,432 crore to Rs 28,026 crore due to adoption of advanced technology. In an official release, the largest PSU refiner in the northeast said the Union Ministry of Petroleum & Natural Gas has already approved the revised project cost for increasing capacity from 3 million metric tonnes per annum to 9 MMTPA. "With adoption of state-of-the-art technology in this configuration and addition of extremely complex schemes like residue hydrocracking, the refinery will be able to process heavier crude oil and maximize production of distillates. "This adoption of technology led to an increase in the project cost from Rs 22,594 crore to Rs 28,026 crore," it added. The initial planned configuration of the upcoming 6-MMTPA unit has been improved to make it petrochemical ready, focusing on upgradation of refinery residue by using new technology, NRL said. "In the intervening period ...

OIL looks to liquidate short term debt raised for NRL buy in current fiscal

The push to liquidate debt will mean no more acquisition or fund raising being planned this year

Numaligarh Refinery evaluates re-entering fuel retail biz via petrol pumps

Development follows govt's move to make BPCL shed stake in Assam Accord refinery (as NRL is popularly called). The stake was recently picked up by fellow PSUs Oil India and Engineers India

BPCL sells 54.16% stake in Numaligarh Refinery to Oil India; 4.4% to EIL

The sale of Numaligarh Refinery Ltd (NRL) clears the way for privatisation of India's second-largest fuel retailer

BPCL disinvestment process moving on well, to conclude by Sep-end: DIPAM

The government is selling its entire 52.98 per cent stake in BPCL in the nation's biggest privatisation till date

NRL sale won't help BPCL valuation; proceeds to go as special dividend

The BPCL board had cleared the bids submitted by the OIL-headed consortium on March 1

BPCL to pay shareholders from Rs 9,876 cr Numaligarh Refinery stake sale

Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) may use Rs 9,876 crore proceed from stake sale in Numaligarh Refinery to pay a special dividend to shareholders

Dividend payout hope post Numaligarh Refinery deal drives BPCL stock

Shares of BPCL hit fresh 52-week high of Rs 482.4 apiece, up 6 per cent on the BSE, as its Board approved to offload the firm's holding in the Numaligarh Refinery unit for Rs 9,878 crore

OIL to up stake in Numaligarh Refinery via debt, internal accruals

Firm is eyeing the role of a vertically integrated oil company with stake hike

Engineers India, OIL to jointly bid for BPCL stake in Numaligarh Refinery

The refinery was incorporated on April 22, 1993 and has a 3 million tonnes per annum capacity. It is the largest customer of OIL's crude produced from its North Eastern fields