NRL Emerges as Top 20 CPSE with Impressive Performance, Global Expansion, and Ambitious Growth Plans
Numaligarh Refinery Limited (NRL) has established itself as one of the top 20 CPSEs in India in terms of both sales revenue and profitability. It has gained widespread recognition as a high-performing refinery in the country, setting industry benchmarks for distillate production, specific energy usage, and gross refining profit. Furthermore, NRL has embarked on exporting petroleum products to neighboring countries, solidifying its global presence and playing a vital role in advancing the Act East Policy of the Government of India.
With a refining capacity of 3 million metric tonnes per annum (MMTPA), NRL holds the distinction of being the largest refinery in Northeast India. Currently, it is undertaking a significant expansion project to triple its refining capacity to 9 MMTPA, alongside the construction of a transnational crude oil pipeline from Paradip in Odisha. NRL is also actively involved in projects valued at Rs. 35,000 crores in the region, representing one of the largest investments in the oil and gas sector.
NRL’s Schedule A Status Upgrade Unlocks Financial Autonomy and Expansion Opportunities
The elevation to Schedule A status also makes NRL eligible for Navratna status, providing greater financial autonomy. This will empower the organization to undertake larger and more complex projects, make prompt decisions regarding joint ventures, strategic alliances, and special purpose entities for strategic expansion.
Key takeaways for competitive examinations
- Numaligarh Refinery Limited is a division of : Oil India Limited
- Numaligarh Refinery Limited Director(Finance): Sanjay Choudhuri