HT Bureau
GUWAHATI, Sept 16: Numaligarh Refinery Limited (NRL) convened its 32nd Annual General Meeting (AGM) on Tuesday at the NRL Centre in Guwahati under the chairmanship of Dr Ranjit Rath.
The meeting was attended by shareholders, company directors, senior management, and media representatives, who engaged with the Chairman on NRL’s performance, strategic initiatives, and future growth plans.
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According to an official statement from NRL, Dr Rath highlighted the inauguration of the world’s first bamboo-based 2G Bio-Ethanol Plant at Numaligarh by the Prime Minister on September 14, in the presence of the chief minister of Assam, the Union Ministers for Ports, Shipping & Inland Waterways, and Petroleum & Natural Gas, along with senior Central and State Government officials.
He noted that the commissioning of this pioneering project aligns with the Government of India’s import substitution and ‘Make in India’ initiatives, demonstrating NRL’s leading role in the bio-energy transition and value addition to local resources.
The Prime Minister also laid the foundation stone for a 360 KTPA polypropylene plant at Numaligarh, with a project cost exceeding Rs 7,000 crore.
Once operational, the plant is expected to raise NRL’s Petrochemical Intensity Index by 4.0, further enhancing its petrochemical portfolio.
Dr Rath detailed NRL’s financial performance for FY 2024–25, noting that the company’s net worth reached Rs 16,260 crore as on March 31, 2025, marking a 25% increase over the previous year.
Revenue from operations rose to Rs 25,147 crore from Rs 23,731 crore, reflecting a 6% growth despite margin pressures.
Profit before tax (PBT) and profit after tax (PAT) were recorded at Rs 2,215 crore and Rs 1,608 crore respectively, compared to Rs 2,912 crore and Rs 2,160 crore in the previous year.
The moderation in profitability was attributed to the narrowing spread between product and crude oil prices, which reduced the Gross Refining Margin (GRM) from $13.17 per barrel to $5.14 per barrel. Capital expenditure for the year reached a record Rs. 9,038 crore.
Operationally, NRL’s refinery achieved over 100% capacity utilisation, processing 3,066 TMT of crude oil—its second time in the past three years.
Domestic crude receipts from OIL and ONGC reached 3,033 TMT, supplemented by 22 TMT of imported crude.
Distillate yield stood at 86.7%, the highest among PSU refineries in the country.
Diesel production during the year was 2,044 TMT, while MS and wax production reached historical highs at 725 TMT and 50 TMT respectively.
The LPG bottling plant adjacent to the refinery produced 64 TMT of packed LPG, exceeding its rated capacity.
On the marketing front, NRL recorded its highest-ever sales volume at 3,125 TMT, surpassing the previous record of 3,019 TMT in 2022–23.
Sales of MS, wax, and sulphur reached 707 TMT, 49 TMT, and 6 TMT respectively, while HSD sales totaled 2,030 TMT. RPC and CPC sales stood at 44 TMT and 57 TMT respectively.
Project implementation milestones include the Refinery Expansion Project achieving 81% overall progress and 78% financial progress, reflecting NRL’s commitment to Government targets.
On the corporate social responsibility (CSR) front, over Rs 80 crore were spent on community welfare initiatives.
The Vivekananda Kendra NRL (VKNRL) Hospital and VKNRL School of Nursing continued to provide medical and healthcare services to surrounding communities.
Dr Rath also highlighted NRL’s adoption of digital innovations, including AI-powered Smart Truck Parking, Digital Twin applications, and 5G-enabled business processes, setting benchmarks in the refining sector.
He reaffirmed NRL’s vision to contribute to India’s energy security with the enhanced 9 MMTPA refinery capacity, while supporting Atmanirbhar Bharat, Net Zero commitments, and local community development.
