Chairman Numaligarh Refinery Limited (NRL) Ranjit Rath said that Prime Minister Narendra Modi recently laid foundation stone of a 360 KTPA polypropylene plant at Numaligarh which will be implemented by NRL at a project cost of over Rs. 7,000 crore and together with expanded refinery, it will raise NRL’s Petrochemical Intensity Index by 4.0.
The 32nd Annual General Meeting (AGM) of Numaligarh Refinery Limited (NRL) was held in Guwahati. The meeting was attended by the NRL’s shareholders, Directors and senior management of the Company.
Rath pointed to the world’s first bamboo based 2-G Bio Ethanol Plant by the Prime Minister on 14th September at Numaligarh. He said the commissioning this landmark project is aligned with Government of India’s import substitution and ‘Make in India’ efforts and demonstrate the Company’s pioneering role in bio-energy transition and value addition to local resources.
Rath who is also the CMD of Oil India Limited said the Prime Minister, also laid the foundation stone of a 360 KTPA polypropylene plant at Numaligarh which will be implemented by NRL at a project cost of over Rs. 7,000 crore; juxtaposed to the expanded refinery, it will raise NRL’s Petrochemical Intensity Index by 4.0.
Rath highlighted the robust performance of NRL during FY 2024–25. NRL’s net worth reached the unprecedented height of Rs. 16,260 crores as on 31st March 2025 – a 25 per cent increase over the previous year. Revenue from operations grew to Rs. 25,147 crores from Rs. 23,731 crore, reflecting healthy growth of 6 per cent despite margin pressures.
Profit before and after tax (PBT and PAT) during the year were Rs. 2,215 crore and Rs. 1,608 crore respectively compared to the corresponding numbers of Rs. 2,912 crore and Rs. 2,160 crore a year ago. The moderation in profitability was primarily due to the narrowing spread between product and crude oil prices in the global market which led to a reduction in the Gross Refining Margin (GRM) from $13.17 per barrel to $5.14 per barrel. The Company recorded the highest-ever capital expenditure during the year at Rs. 9,038 crores.
Rath informed that in 2024-25, NRL’s refinery achieved over 100 per cent capacity utilisation with 3,066 TMT crude oil processing – the second time in last three years. This was possible with the highest-ever domestic crude oil receipt at 3,033 TMT from OIL and ONGC apart from 22 TMT imported crude. NRL’s distillate yield at 86.7 per cent was the highest amongst the PSU refineries in the Country.
Corresponding to high refinery throughput, diesel production during the year was 2,044 TMT. MS and Wax production touched their historical highs at 725 TMT and 50 TMT respectively. The LPG bottling plant adjacent to the refinery operated beyond its rated capacity leading to the production of 64 TMT packed LPG.
On the marketing front, highest-ever sales volume was recorded at 3,125 TMT surpassing the previous highest of 3,019 TMT in 2022-23. Sale of MS, Wax and Sulphur touched all-time highs at 707 TMT, 49 TMT and 6 TMT respectively. HSD sale was 2,030 TMT. RPC and CPC sales were 44 TMT and 57 TMT respectively.
Significant strides were made in terms of project implementation with the Refinery Expansion Project achieving an overall progress of 81 per cent, and financial progress of 78 per cent, as on date, in resonance with Government commitments.
Rath emphasized that NRL is firmly on a growth track, combining disciplined execution of expansion projects with strong operational performance. He highlighted pioneering digital innovations such as AI-powered Smart Truck Parking, Digital Twin applications and 5G mobile-enabled business processes that are setting benchmarks in the refining sector.
