Numaligarh Refinery Limited (NRL) has achieved the highest ever sales turnover of Rs. 23,546 crores in the FY 2021-22, which was higher by 26.95 percent as against Rs. 18,548 crores in the previous year, primarily on account of an increase in product prices. The net worth of the company has increased to Rs. 8,388 crores as of 31st March 2022 as compared to Rs. 5,596 Crore in the previous year. NRL has even contributed a total of Rs.5,809 Crore to the Government exchequer in the form of taxes, duties, and dividends.

The 29th Annual General Meeting of Numaligarh Refinery Limited (NRL) was held on Monday, the 19th of September 2022 at NRL Corporate Office, Guwahati. The Meeting was presided over by the Chairman of NRL and CMD of OIL, Dr. R Rath, and was attended by MD NRL, Bhaskar Jyoti Phukan, and other members of the NRL Board and shareholders of the company.

The Company has declared a dividend of 150 percent during the Financial Year 2021-22 (Rs. 15 per fully paid equity share of Rs.10 each) which has already been disbursed as an Interim Dividend during the year.

The product sold during the year was 2,799 TMT (thousand metric tons) compared to 2,924 TMT in the previous year. Sales within Northeast at 1,090 TMT marked a significant improvement (39 percent of total sales) against 817 TMT (28 percent of total sales) in the previous year. Sales during the year comprised 56 TMT of Gas Oil exported to Bangladesh and 125 TMT Naphtha to Brahmaputra Cracker and Polymer Limited (BCPL) from external sources.

NRL posted record profits for the year with Profit after Tax (PAT) of Rs. 3,562 Crore as compared to Rs. 3,036 Crore of the previous year, registering an increase of Rs. 525 Crore. The Compound Annual Growth Rate (CAGR) for PAT stood at 27.41 percent since the commencement of commercial production. The Earning per Share (EPS) for FY 2021-22 stood at Rs. 48.42 as compared to Rs. 41.27 in FY 2020-21.

The company has contributed a total of Rs. 5,809 crores to the Government exchequer in the form of taxes, duties, and dividends.

Addressing the shareholders of the Company, Chairman Dr. R Rath said, "NRL is determined in its pursuit of executing the major ongoing projects in hand; namely, the Numaligarh Refinery Expansion Project (NREP), Paradip Numaligarh Crude Oil Pipeline (PNCPL) and Crude Oil Import terminal at Paradip (COLT), 2G Ethanol Project and India-Bangladesh Friendship Pipeline (IBFPL). In the next 5 years, your company has planned to invest more than 135,000 Crore in completing these projects which will enable long-term business growth, both in terms of revenue and profit. Hence, completing these projects without any time and cost overrun remains the core focus area of the company."

NRL marks record sale of 1090 TMT in Northeast

In FY 2021-22, Numaligarh Refinery achieved a throughput of 2,624 TMT which included 23 TMT of imported crude oil. The refinery also commenced 10 percent blending of Ethanol in Motor Spirit (Petrol) at its Siliguri and Numaligarh Marketing terminals with 1,122 KL of ethanol blending in the first year, which is gaining further momentum in the current financial year.

Specific Energy Consumption (SEC) at 63.51 MBN has improved further from 64.37 MBN achieved during the previous year. The Energy Intensity Index (EII) of the refinery during the year was 84.68.

Assam BIO Refinery Private Limited to be set by March 2023

NRL is aggressively pursuing major projects like the Numaligarh Refinery Expansion Project (NREP), Paradip Numaligarh Crude Oil Pipeline (PNCPL), and Crude Oil Import Terminal at Paradip (COIT), 2G Ethanol Project, and India-Bangladesh Friendship Pipeline (IBFPL). The Company will invest more than Rs. 35,000 crores in completing these projects.

"We are planning to commission the India-Bangladesh Friendship Pipeline by end of this year," said Chairman of NRL Dr. R Rath.

Speaking on Assam BIO Refinery Private Limited, MD of NRL Bhaskar Phukan said, "We are expecting it by March 2023. For procuring bamboo chips we have engaged 25 local entrepreneurs within a radius of 300 kms from the plant. We are also looking at riverine transportation of bamboo which would be cheaper and even more local bamboo growers can participate. We are also in talks with Arunachal Pradesh for the supply of bamboo to Numaligarh."

NRL recorded the highest ever Standalone Capital expenditure at Rs. 3,605 Crore, 3 times higher than its previous best of Rs. 3,029 Crore in the FY 2020-21. In addition to project CAPEX, NRL has made an equity investment of Rs.38.54 Crore in the JVs - ABRPL and IGGL.

NRL has become the first PSU in the Oil and Gas sector to migrate to S/4 HANA ERP from SAP ECC 6.0 ERP. The project was completed with the involvement of the implementing agency in full remote mode.

CSR activities of NRL:

Health and sanitation have been the focus area in CSR during the FY 2021-22 with the company joining hands with collectives to ramp up COVID-19 infrastructure including setting up a 120-bedded makeshift COVID Hospital in Jorhat Medical College and Hospital (JMCH), and a 5 bedded ICU ward at the Civil Hospital in Majuli. NRL has also associated itself with the Assam Cancer Care Foundation (ACCF) for setting up a Radiation Block in the Barpeta Medical College Hospital.

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