Numaligarh Refinery Ltd signs MoU with EIL to expand research activities

06 Apr 2022 CW Team

Numaligarh Refinery Limited (NRL), an Assam-based company, signed a Memorandum of Understanding (MoU) with Engineers India Limited (EIL) for expanding research activities.

Engineers India Limited owns a 4.37% stake in Numaligarh Refinery Ltd, and the MoU would result in higher synergies between these two well-known Oil & Gas Public Sector Enterprises (PSEs) in terms of developing and licencing indigenous technologies, contributing significantly to the vision of Atmanirbhar Bharat.

Sr.CGM (CA) NRL, N Borthakur, and Executive Director (R&D) EIL, Rajib Aggarwal, signed the MoU.

NRL also handed over a check for Rs. 95.63 crore to the Government of Assam for its 26% equity investment in the firm for the fiscal year (FY) 2021-22.

Before 16th March 2022, NRL board directors approved the payment of the 2nd interim dividend for FY2021-22 at 50% on the paid-up share capital of Rs.735.63 crore to the shareholders based on the company's profit up to the third quarter ending 31st December 2021.

As a result, the Government of Assam would receive Rs.95.63 crore in dividends for its 26% shareholding.

On November 29, 2021, the Government of Assam received the first interim dividend for the FY 2021-22 for Rs 86.35 crore as part of its equity holding of 23.48% of the paid up share capital of Rs.735.63 crore.

Image Source

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..