Numaligarh Refinery records highest crude output of over 3 mln tn

05 Apr 2023 CW Team

In the fiscal year 2022-23, the Numaligarh Refinery Ltd (NRL) achieved its highest-ever crude throughput of 3.093 million tonne against its nominal capacity of 3.0 million tonne, according to the Ministry of Petroleum & Natural Gas.

The firm has also recorded the greatest distillate yield since its start, at 87.6%.

NRL has maintained its capital expenditure at 6,615 crore, the highest ever recorded, surpassing its previous record of 3,605 crore in FY2021-22.

The corporation ended FY2022-23 on a high note, with exceptional physical performance that is likely to translate into financial advantages and improved bottom lines.

“Major refinery products such as MS, HSD and Wax have shown highest ever production figures at 662.4 MT, 2,134.8 MT and 47.7 MT. LPG bottling has also been the highest ever at 65.9 TMT," it said.

Another highlight of the fiscal year was the successful commissioning and inauguration of the India-Bangladesh friendship pipeline on March 18, 2023 by the prime ministers of India and Bangladesh.

The 132 km pipeline with a capacity of 1 MTPA was developed to convey HSD from NRL's Siliguri Marketing Terminal in West Bengal to Parbatipur in Bangladesh.

The refinery is undergoing a massive capacity expansion push to boost its capacity from 3 MMTPA to 9 MMTPA, which includes the construction of a crude oil import terminal at Paradip Port, Odisha, and the installation of a 1,640km crude oil pipeline from Paradip to Numaligarh.

NRL is also constructing the first of its kind bio-refinery in Numaligarh, using bamboo biomass as feedstock, through a joint venture with Finnish partners. The bio-refinery, which is projected to be operational by the end of 2023, will produce 49,000 tonnes of ethanol and other chemicals, contributing to the country's goal of achieving 20% ethanol blending in gasoline by 2025.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..