Numaligarh Refinery Limited Current Affairs - 2019

Category Wise PDF Compilations available at This Link

Union Cabinet approves expansion of Numaligarh refinery in Assam

The Cabinet Committee on Economic Affairs has given its approval for the capacity expansion project of Numaligarh Refinery from 3 MMTPA (Million Metric Tonne Per Annum) to 9 MMTPA.

The expansion project involves setting up a crude oil pipeline from Paradip in Odisha to Numaligarh and product pipeline from Numaligarh to Siliguri in West Bengal. The expansion is expected to be completed by within a period of 48 months, after approval and receipt of statutory clearances.

Funding the Project

The estimated cost of the project is Rs. 22,594 crore. The Numaligarh Refinery will raise a debt of Rs.15,102 crore and would contribute Rs.2,307 crore from its internal accrual. The promoters of NRL, Bharat Petroleum Corporation Ltd, Oil India Ltd & Government of Assam (GoA) will contribute to equity and the government of India would provide a Viability Gap Funding of Rs.1,020 crore.

Numaligarh Refinery Limited (NRL)

Numaligarh Refinery Limited (NRL) was set up at Numaligarh in the district of Golaghat (Assam) in accordance with the provisions made in the historic Assam Accord. The NRL was conceived as a vehicle for speedy industrial and economic development of the region.

The promoters of the NRL are Bharat Petroleum Corporation Ltd, Oil India Ltd & Government of Assam (GoA).

The expansion of the NRL will aid in meeting the deficit of petroleum products in the North East and also sustain the operations of all North East refineries by augmenting their crude availability. Together with generating direct and indirect employment in Assam and it is the driver of Government’s Hydrocarbon Vision 2030 for the North East.

Month: Categories: National

Tags:

Legatrix: NRL in Assam becomes first oil PSU to adopt online legal compliance system

Numaligarh Refinery Ltd (NRL) in Assam became first oil public sector undertaking (PSU) in India to adopt an online legal compliance system by introducing ‘Legatrix‘. This initiative aims to induce greater transparency NRL’s operations and augment its contribution towards Digital India Mission of the Government.

Legatrix

Legatrix is cloud-based compliance management system to serve as onestop solution for effectively managing organisations legal and regulatory compliances through monitoring control at different levels. It encompasses requirements of laws like labour, IT, taxation, commercial, export-import, corporate laws and other industry-specific laws. It will support risk tracking and compliance on real-time basis along with creation of centralised repository, auto-generated reports and certificates, compliance calendar and immediate updates for legal and regulatory amendments.

Numaligarh Refinery Limited (NRL)

NRL is public sector oil company in Assam. It is under administrative control of Union Ministry of Petroleum & Natural Gas. It is located at Morangi, Golaghat district, Assam in India. It is joint venture between Bharat Petroleum (61.65%), Oil India (26%) and Government of Assam (12.35%). It has capacity of 3 million metric tonnes (mmt) per year.

Month: Categories: National

Tags: