OIL INDIA: Value in Numaligarh Refinery Limited

 https://youtube.com/shorts/9247AAcjdUM?si=hpWveCqwGwdJc7BU


  • OIL INDIA: Value in Numaligarh Refinery Limited
  • With the acquisition of majority stake of Numaligarh Refinery Limited (NRL), OIL is now a fully integrated energy company committed to energy security of India.
  • Numaligarh Refinery Limited (NRL) registered PAT of ` 2,160.11 crore during FY 2023-24 as compared to ` 3,702.79 crore in the previous year. 
  • Numaligarh Refinery Expansion Project (NREP) aims to enhance the crude processing capacity of NRL from 3 MMTPA to 9 MMTPA at the same time enabling the company to process a variety of high sulfur crudes    
  • Numaligarh Refinery Limited (NRL) was incorporated on 22nd April,1993 and is a Schedule ‘A’ Miniratna Category-I CPSE having a 3 MMTPA Refinery at Numaligarh in Golaghat district of Assam. 
  • As part of its diversification strategy as on 31st March, 2024 Company holds 69.63% stake in NRL, Govt. of Assam and Engineers India Limited hold 26% and 4.37% stake in NRL respectively. 
  • The Company is the promoter and has management control of NRL  
  • Company through its subsidiary Numaligarh Refinery Ltd has made a significant progress in Biofuel sector and the 50 KTPA 2G Bio Ethanol plant based on Bamboo as a feedstock at Numaligarh, Assam is at advanced stage of commissioning through NRL’s Joint Venture Company - “Assam Bio Ethanol Private Limited”. 
  • Further, Company through its subsidiary Numaligarh Refinery Ltd has embarked on a journey to produce 20 KTPA of Green Hydrogen, which signifies commitment to harnessing the potential of hydrogen as a clean and sustainable energy source. As part of this initiative a 2.2 KTPA of green hydrogen plant is currently being built and is expected to be commissioned by June, 2025.  

About the author

Hi, My Name is Rounaq Bakshi.

I am investing in Indian Markets from 2012 with focus on fundamental analysis.                                                                                      

Linkedin : https://www.linkedin.com/in/rounaq-bakshi-12224412?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app

Have you subscribed to my channel yet ?                                                                                    

Blog: https://www.blogger.com/blog/posts/7615048544598005669

Youtube : https://youtube.com/@rounaqbakshi1875

Join my group : https://chat.whatsapp.com/G7ZJwq0NPCUAWffYXs8eoY

Instagram: https://instagram.com/rounaqbakshi?igshid=MmIzYWVlNDQ5Yg==

Telegram: https://t.me/rounaqbakshi

Comments

Post a Comment

Popular posts from this blog

Confidence Petroleum Forays into Hydrogen Cylinder Manufacturing

  https://youtu.be/mD2k0HOpAxo?si=8H1ue9mw316h2wYr Confidence Petroleum Forays into Hydrogen Cylinder Manufacturing Unlike conventional metal cylinders, type 4four cylinders are entirely corrosion-resistant, lighter by seventy percent, and can accommodate three times more gas.  Constructed from carbon composite with a polymer liner, they boast exceptional safety features. The move signifies Confidence Group’s commitment to spearheading the global energy transition towards a cleaner and greener future.  By prioritizing innovation and environmental stewardship, the company aims to revolutionize the hydrogen storage industry and promote sustainable energy solutions. As reported by The Hitavada, through this venture into the green hydrogen market, Confidence Group aims to position itself as a leader in providing solutions that expedite the adoption of renewable energy sources.  These cylinders will play a pivotal role in the efficient storage and transportation of green ...
Read more

RSI Indicator for finding good value stocks?

  https://youtu.be/IbWEmgJQHx4?si=D0TUacnxi_9B33qM Is a Good RSI Indicator The relative strength index is a momentum indicator that looks at the pace of recent price changes to determine whether a stock is ripe for a rally or a selloff. Traders who are looking for investment opportunities should look for RSI values  that hit 30 or fall below that level.  This allows them to look for investment options that may be undervalued where the price may increase in the future.  But it's important for investors to remain steadfast and avoid making hasty decisions, since market conditions can change at a moment's notice.
Read more

Poonawalla Fincorp: I love stocks at 52L

https://youtube.com/shorts/kEd4ftcXaV4?si=8FpeXOzf0qyTs_Mo   Poonawalla Fincorp: I love stocks at 52L AUM up 52% YoY to ₹26,972 crore PPoP at ₹432 crore in Q1FY25, up 47% YoY and 6% QoQ  Assets:  ➢ Assets Under Management (AUM) stood at ₹26,972 crore, up 52% YoY and 8% QoQ  ➢ AUM Mix consist of 35% MSME finance, followed by 28% personal and consumer finance, 17% loan against property and 14% pre-owned car.   Asset Quality:  ➢ Gross NPA at 0.67%, lower 75bps YoY and 49bps QoQ  ➢ Net NPA at 0.32%, lower 44bps YoY and 27bps QoQ  ➢ Provision Coverage Ratio stood at 52.53%   Profitability:  ➢ Operating Profit (PPOP) was ₹432 crore, up 47% YoY and 6% QoQ  ➢ Profit After Tax (PAT) was ₹292 crore, up 46% YoY  ➢ Return on Assets (RoA) stood at 4.62%  ➢ Net Interest Income (inc. fees and other income) was ₹676 crore, up 42% YoY and 5% QoQ
Read more