Company Description
Numaligarh Refinery Limited (NRL) is a public sector oil company located in Assam, India. It is a division of Oil India Limited (OIL), which is under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. NRL was established in 1996 and began commercial production in 2000. The refinery has a current capacity of 3 million metric tonnes per year (MMTPA), but is undergoing an expansion project that will increase its capacity to 9 MMTPA by 2024. NRL produces a variety of petroleum products, including gasoline, diesel, kerosene, and LPG. It also produces bitumen, sulphur, and petcoke. The refinery's products are marketed in India and Bangladesh. In addition to its refining operations, NRL is also involved in the exploration and production of oil and gas. It has a number of exploration blocks in Assam and Arunachal Pradesh. The future of NRL looks bright. The refinery expansion project will make it one of the largest refineries in India. The company is also planning to diversify into the production of petrochemicals and other value-added products. Here are some of the key factors that will drive the future growth of NRL: Increasing demand for petroleum products in India and Bangladesh Expansion of the refinery capacity to 9 MMTPA Diversification into the production of petrochemicals and other value-added products Growth of the exploration and production business NRL is well-positioned to capitalize on these growth opportunities and become a major player in the Indian oil and gas industry. Here are some additional details about the refinery expansion project: The project is being executed by a consortium of companies led by Thyssenkrupp Industrial Solutions. The project cost is estimated to be around INR 10,000 crore. The project is expected to be completed by 2024. The expansion project will create around 10,000 jobs during the construction phase and around 2,000 jobs once the project is operational. The refinery expansion project is a major boost for the Indian economy and will help to meet the growing demand for petroleum products in the country. The project will also create employment opportunities and boost economic growth in the northeast region of India.
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