spot_img
spot_img
Wednesday, June 29, 2022
spot_img
spot_img

Latest Posts

NRL signs MoU With Engineers India Limited to expand research activities

spot_img
spot_img
- Advertisement -

Engineers India Limited (EIL) and Numaligarh Refinery Limited, both based in Assam, have also signed a Memorandum of Understanding (MoU) to expand research activities.

NRL

Engineers India Limited owns a 4.37 per cent stake in Numaligarh Refinery Limited, according to NRL, and this MoU will result in greater synergies between these two reputable Oil & Gas Public Sector Enterprises (PSEs) in developing and licensing indigenous technologies, thereby contributing significantly to the vision of ‘Atmanirbhar Bharat.’

NRL

Meanwhile, N Borthakur, Sr.CGM (CA) Numaligarh Refinery Limited, and Rajib Aggarwal, Executive Director (R&D) EIL, signed the agreement.

The NRL also paid the Assam government a second interim dividend of Rs 95.63 crore for its 26% equity stake in the company for the fiscal year 2021-22.

The NRL, one of Assam’s four refineries, was built in Numaligarh, Golaghat district, in accordance with the provisions of the Assam Accord, which was signed on August 15, 1985.

It was conceived as a vehicle for the region’s rapid industrial and economic development. 

Moreover, on July 9, 1999, former Prime Minister Atal Bihari Vajpayee dedicated the NRL to the country.

On July 9, 1999, former Prime Minister of India Shri Atal Bihari Vajpayee dedicated the 3 MMTPA refinery to the nation. Since the start of commercial production in October 2000, NRL has been able to demonstrate reliable results.

Assam Govt. Receives an interim dividend cheque of Rs 95.63 crore from NRL

The Assam government received an interim dividend cheque of Rs 95.63 crore from Numaligarh Refinery Limited on Saturday for its equity stake of 26% in the company for the financial year 2021-22.

The dividend cheque was presented to Chief Minister Himanta Biswa Sarma by Numaligarh Refinery Limited Director (Technical) and Managing Director in-charge Bhaskar Jyoti Phukan at the state secretariat. 

The cheque was presented in the presence of Industry Minister Chandra Mohan Patowary, Director (Finance) Numaligarh Refinery Limited Indranil Mittra, Independent Directors of the NRL Board, S Lamare, Gagan Jain, Sudip Pradhan, Priyambada Keshri, and others.

Based on the company’s profit up to the third quarter ending December 31, 2021, the Board of Directors of NRL approved the payment of the second interim dividend for the financial year 2021-22 @ 50% on the paid-up share capital of Rs 735.63 crore (i.e. Rs 5 per fully paid equity share of Rs 10 each) to the shareholders.

As a result, the Assam government will receive Rs 95.63 crore in dividends in exchange for its 26% shareholding.

Moreover, on November 29, 2021, the state government received its second interim dividend of Rs 86.35 crore.

In a tweet, the chief minister expressed his delight at receiving the second interim dividend cheque from the NRL’s MD in charge.

”An outcome of the historic Assam Accord, Numaligarh Refinery Limited is the engine of industrial growth in the state and our government is committed to its expansion. Considering the immense potential of the petroleum sector, the state government has already increased its stake in NRL to 26 per cent,” Sarma said.

NRL

Also Read: NRL and Inland Waterways ink MoU for transportation of cargo

spot_img
spot_img

Latest Posts

spot_imgspot_img

Don't Miss