Numaligarh Refinery Ltd (NRL) reported a 70% rise in net profit in 2015-16 to reach an all-time high of RS 1,222 crore. The Assam-based refinery is hopeful of sustaining the momentum achieved with optimisation of refinery operations, value addition in terms of new projects and continuous innovation, managing director P Padmanabhan says
NRL is planning to enter the upstream oil business. Which companies have you identified for partnerships?
NRL is exploring opportunities to enter the upstream oil and gas sector, particularly in the marginal fields in Assam and the North East. The company intends to participate in the discovered small-field bid round this year for 46 contract areas in association with Bharat Petro Resources Limited (BPRL), a wholly owned subsidiary of BPCL, and other potential partners.
What is the status of 6 MMTPA crude oil pipeline? Also, how far have discussions progressed with regard to the Indo-Bangla pipeline?
The 6 MMTPA (million metric tonne per annum) crude pipeline has been approved by the NRL and BPCL boards and is under consideration of the central government. Route survey and detailed feasibility report for the pipeline have already been completed. As far as the Indo-Bangla pipeline is concerned, discussions are in progress with the Bangladeshi authorities to finalise the terms of sale and purchase agreement and implementation methodology of the pipeline.
What is the status of NRL’s ambitious bio-refinery project?
NRL is implementing India’s first bio-refinery in Assam at an estimated cost of Rs 950 crore that will produce bioethanol from locally available non-food bio-mass feedstock. Bamboo is one of the major non-food biomass resources available abundantly in the North East and is among the fastest-growing plants. 49,000 tonnes of bio ethanol produced annually would primarily be used to blend NRL petrol as mandated by the National Policy on Biofuel, with the surplus being sold to oil marketing companies.
A wax production unit was commissioned recently, how do you think it will help in diversifying your existing portfolio?
Since the commissioning of the wax plant, NRL has emerged as the largest manufacturer and marketer of wax in the country with a market share of about 52%. Wax has already been dispatched to Nepal and Kenya.
Tell us about the corporate social responsibility activities of the company?
NRL is a result of the historic Assam Accord. Accordingly, it adopted the ‘people-first’ mantra, with community development initiatives as a major component of its CSR policy. The focus areas under NRL’s CSR policy are generating livelihood opportunities, education, infrastructure development and promotion of arts, sports and literature.
NRL is planning to enter the upstream oil business. Which companies have you identified for partnerships?
NRL is exploring opportunities to enter the upstream oil and gas sector, particularly in the marginal fields in Assam and the North East. The company intends to participate in the discovered small-field bid round this year for 46 contract areas in association with Bharat Petro Resources Limited (BPRL), a wholly owned subsidiary of BPCL, and other potential partners.
What is the status of 6 MMTPA crude oil pipeline? Also, how far have discussions progressed with regard to the Indo-Bangla pipeline?
The 6 MMTPA (million metric tonne per annum) crude pipeline has been approved by the NRL and BPCL boards and is under consideration of the central government. Route survey and detailed feasibility report for the pipeline have already been completed. As far as the Indo-Bangla pipeline is concerned, discussions are in progress with the Bangladeshi authorities to finalise the terms of sale and purchase agreement and implementation methodology of the pipeline.
What is the status of NRL’s ambitious bio-refinery project?
NRL is implementing India’s first bio-refinery in Assam at an estimated cost of Rs 950 crore that will produce bioethanol from locally available non-food bio-mass feedstock. Bamboo is one of the major non-food biomass resources available abundantly in the North East and is among the fastest-growing plants. 49,000 tonnes of bio ethanol produced annually would primarily be used to blend NRL petrol as mandated by the National Policy on Biofuel, with the surplus being sold to oil marketing companies.
A wax production unit was commissioned recently, how do you think it will help in diversifying your existing portfolio?
Since the commissioning of the wax plant, NRL has emerged as the largest manufacturer and marketer of wax in the country with a market share of about 52%. Wax has already been dispatched to Nepal and Kenya.
Tell us about the corporate social responsibility activities of the company?
NRL is a result of the historic Assam Accord. Accordingly, it adopted the ‘people-first’ mantra, with community development initiatives as a major component of its CSR policy. The focus areas under NRL’s CSR policy are generating livelihood opportunities, education, infrastructure development and promotion of arts, sports and literature.
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