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 Chairman NRL and CMD OIL, Dr. R Rath and was attended by MD NRL, Mr. B J Phukan and other members of the NRL Board and shareholders of the Company. The Company has declared Dividend of 150% during the Financial Year 2021-22 (₹15.00 per fully paid equity share of ₹10 each) which has already been disbursed as Interim Dividend during the year.
The Financial Year 2021-22 ended on a positive note, despite challenges and uncertainties that the Company was able to successfully surmount; leveraging on resilience, adaptability and robust systems and procedures. 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) & Crude Oil Import terminal at Paradip (COIT), 2G Ethanol Project and India-Bangladesh Friendship Pipeline (IBFPL).
In the next 5 years, your company has planned to invest more than ₹35,000 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.’
