The 28th Annual General Meeting of the NLL was held on Saturday, September 18, 2021 at the NRL Corporate Office. The meeting was co-chaired by NRL and CMD Oil India Limited (OIL), AC Mishra and attended by MD NRL, SK Barua.
The company declared its maximum share of 375% for the current fiscal year 2020-21 (37.5% of the full share of equity paid in 37.5 rubles).
Despite countless challenges, the financial year 2020-21 ended with a positive note using internal strength, flexibility and robust non-constructive systems and practices.
The highlight of the 2020-21 fiscal year is the change in ownership of the company through the OIL Stock Purchase Agreement signed on 25 March 2021. For his part, Mishra said, “I am confident that the NLL Partnership will make a significant contribution to achieving greater integration and ensuring the country’s energy security and achieving the goals set by the Ministry of Petroleum and Natural Gas. Being part of EIL will further enhance the company’s technical skills.
During the 2020-21 period, the refinery will produce 2,707 TMT crude oil, an increase of 14% over the previous year. The company imported 42 TMT crude oil from 42 filters. Last year there was a 36% increase in HDS output by 1,809 TMT and 636 TMT in MS. The brewery also saw a 17% increase in wax production, a 17% increase over the previous year and a 33% increase in the LTM bottle, a 33% increase last year.
In 2020-2020, sales were 2,924 TMT, an increase of 23.9% compared to 2,361 TMT last year. HDS sales increased from 1,541 TMT to 1,835 TMT last year, with MS sales up 647 TMT over the previous year, up from 458 TMT last year. Wax sales were also high at 48 TMT.
The company earned Rs. 18,544 kroner, an increase of 31.77%, up from 14,073 kroner last year, mainly due to higher sales.
Increased turnover and overall margins resulted in NRL posting a net profit margin. 3,036 crores, an increase of 120% over the previous year. The company’s net worth has increased to Rs. 5,596 kroner as of March 31, 2021 compared to Rs. 5,304 crore last year. Extreme financial performance also contributed significantly to the state regulator by Rs. 6,468 crore.
The company continues to pursue its next major projects, the Numaligarh Filtration Factory Expansion Project, the 2G Ethanol Project, and the India-Bangladesh Friendly Pipeline (IFFLL).
The Numaligarh Factory Expansion Project (NREP) has upgraded its current refining capacity from 3.0 MPa to 9.0 MTAP, built an oil refinery terminal at the Paradep port in Odisha and a 1,635 km long cross-border pipeline from the Paradeip port to Numaligarh. 28,000 kroner.
With this and many other ongoing projects in the 2020-21 financial year, NRL has so far raised the largest amount of capital investment. 924 crore.