Proposal for a Refinery Included in  "Assam Accord"  as a part of Government of India's offered economic package

IBP Co. Limited Appointed as Implementing Agency (Equity Structure IBP: 51%, Govt. of Assam: 10%, Public: 39%)

Environmental Clearance Obtained for Refinery Project

EIL Appointed as Prime Consultant

Foundation Stone for Refinery Laid by Prime Minister of India Shri P.V. Narasimha Rao

CCEA (Cabinet Committee of Economic Affairs) Approval for Implementation of Numaligarh Refinery Project

Numaligarh Refinery Limited Incorporated as a Company

BPCL Inducted as Major Promoter (Equity Structure BPCL: 32%, IBP: 19%, Govt. of Assam: 10%, Public: 39%)

Numaligarh Refinery Commissioned

Numaligarh Refinery Dedicated to the Nation by Prime Minister of India Shri Atal Bihari Vajpayee

Commencement of Commercial Operations

NRL Becomes Subsidiary of BPCL (Equity Structure BPCL: 61.65% ; OIL: 26% Govt. of Assam: 12.35%)

Public Investment Board (PIB) Clearance for Refinery Expansion from 3 MMTPA to 9 MMTPA

Cabinet Committee of Economic Affairs Approval for Refinery Expansion Project at a Project Cost of Rs. 22,594 Crore

Environmental Clearance Obtained for Refinery Expansion Project

BPCL Exits NRL as Major Stakeholder. OIL Acquires Majority Shares, Engineers India Limited (EIL) Enters as One of the Shareholders (Equity Structure OIL: 80.16%, Govt. of Assam: 15.47%, EIL: 4.37%)

MoPNG Approves Revised Refinery Expansion Project Cost of Rs. 28,026 Crore

Share Transfer by OIL to Govt. of Assam Complete (Equity Structure OIL: 69.63%, Govt. of Assam: 26%, EIL: 4.37%)

Upgradation of NRL from Schedule-B to Schedule-A - (22.06.2023 Click here) | (04.07.2023 Click here)