Numaligarh Refinery to expand research activities, signs MoU

Assam based Numaligarh Refinery Limited (NRL) inked Memorandum of Understanding (MoU) with Engineers India Limited (EIL) for expanding research activities.

NRL stated that Engineers India Limited holds a 4.37% stake in Numaligarh Refinery Limited, and this MoU will lead to greater synergies between these two reputed Oil & Gas Public Sector Enterprises (PSEs) to develop and license indigenous technologies, contributing significantly to the vision of ‘Atmanirbhar Bharat’.

The agreement was signed by Sr.CGM (CA) NRL, N Borthakur, and Executive Director (R&D) EIL, Rajib Aggarwal.


NRL also presented the second interim dividend cheque of Rs. 95.63 crore to the Government of Assam, for the FY 2021-22 for its equity stake of 26% in the company.

Earlier on 16th March 2022, the Board of Directors of NRL had approved the payment of the 2nd interim dividend for the Financial Year 2021-22 @50% on the paid-up share capital of Rs.735.63 crore (i.e. Rs 5.00 per fully paid equity shares of Rs.10/- each) to the shareholders based on the profit of the company up to the 3rd quarter ending 31st December 2021.

Accordingly, the dividend payable to the Government of Assam against its 26% shareholding amounts to Rs.95.63 crore.

The 1st interim dividend for the Financial Year 2021-22 amounting to Rs 86.35 crore was paid to Government of Assam as a part of its equity holding of 23.48% of the paid up share capital of Rs.735.63 crore on 29th November, 2021.