Guwahati: The Assam government received Rs 114.76 crores from Numaligarh Refinery Limited (NRL) on Tuesday as part of the first interim dividend for the current fiscal year 2022–23 for its stake in the state-owned refinery.
The CMD of Oil India and the Chairman of NRL Ranjit Rath handed over the dividend cheque to Assam CM Himanta Biswa Sarma in the presence of Union minister of state for petroleum and natural gas, Rameswar Teli.
The state government increased its ownership of the refinery from 12.35 to 26 percent in May 2021. The amount of the extra stake, Rs 2,187, represents the state government’s highest-ever investment in any PSU.
Taking to Twitter, CM Sarma wrote, “Happy to receive a cheque of Rs114.76 cr from OilIndiaLimited CMD and NRL Chairman Shri Ranjit Rath in the presence of Hon Union MoS Petroleum and Natural Gas Shri Rameswar Teli, as 1st Interim Dividend for 2022-23 to Govt of Assam for its 26 per cent stake in NRL.”
“Since its inception, NRL has been playing a prominent role in the growth and development of Assam. On behalf of the people of our state, I extend my best wishes to NRL for scaling newer heights of glory and achievements in the years to come,” he added in a further tweet.
NRL is a public sector oil company operating a 3 Million Metric Tonnes per Annum (MMTPA) Refinery in Assam’s Golaghat district. The Union Ministry of Petroleum has administrative jurisdiction over it.
It is the largest of the four refineries that run in Assam and helps the state’s economy grow as a whole.