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NRL handed the Assam government with an interim dividend check of Rs 95.63 crore

The Assam government received an interim dividend check of Rs 95.63 crore from Numaligarh Refinery Limited (NRL) on Saturday
NRL handed the Assam government with an interim dividend check of Rs 95.63 crore
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The Assam government received an interim dividend check of Rs 95.63 crore from Numaligarh Refinery Limited (NRL) on Saturday for its equity interest of 26 percent in the firm for the financial year 2021-22. The dividend cheque was presented to Chief Minister Himanta Biswa Sarma by NRL Director (Technical) and Managing Director in-charge Bhaskar Jyoti Phukan at the state secretariat here in the presence of Industry Minister Chandra Mohan Patowary, Director (Finance) NRL Indranil Mittra, Independent Directors of the NRL Board, S Lamare, Gagan Jain, Sudip Pradhan, Priyambada Keshri, and other.

Based on the company's profit up to the third quarter ending December 31, 2021, the Board of Directors of NRL approved the payment of the second interim dividend for the financial year 2021-22 @ 50% on the paid-up share capital of Rs 735.63 crore (i.e. Rs 5 per fully paid equity share of Rs 10 each) to the shareholders. As a result, the Assam government would get Rs 95.63 crore in dividends in exchange for its 26% ownership. On November 29, 2021, the state government received its second interim dividend of Rs 86.35 crore.

"The NRL, which is a result of the historic Assam Accord, is the state's engine of economic progress, and our administration is devoted to its extension. The state government has already boosted its investment in NRL to 26 percent," Sarma remarked, citing the great potential of the petroleum sector.