Numaligarh Refinery

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

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 ...

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

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 ...

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

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

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

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

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

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

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

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

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

The exact percentage of the stake of OIL and EIL will depend on the extent of right of first offer to be exercised by govt of Assam, which already holds 12.35% stake in NRL

The move to declare the pipeline a common carrier may clog capacity of the pipeline with more entities wanting to opt for this cheaper means of gas transport

This will help OIL to increase product evacuation from 1.72 million metric tonnes per annum (mmtpa) to 5.50 mmtpa through Numaligarh-Siliguri pipeline

The memorandum of understanding (MoU) was signed on Thursday, Nalco said in a BSE filing

Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid

Assam gives NOC for sale of 61.65% stake in Numaligarh Refinery, a BPCL subsidiary

May 2 set as deadline to submit EoIs, PSUs kept out