OIL acquired majority stake in Numaligarh Refinery Limited (NRL) having state-of-the-art 3 MMTPA refinery in Assam

On March 25th, 2021, OIL acquired majority stake in Numaligarh Refinery Limited (NRL) having state-of-the-art 3 MMTPA refinery in Assam, resulting in OIL becoming the promoter and the holding company of NRL. It was not only a strategic business decision but one of the defining moments of its journey as an exploration and production company looking for vertical integration in the oil and gas value chain. With the massive refining capacity enhancement project of NRL and exploration plans of OIL in existing and new hydrocarbon blocks in the Northeast, the combine is committed to contribute immensely in ensuring energy security and achieve the targets set under North East Hydrocarbon Vision 2030.