Guwahati, 09 August (HS): Assam Chief Minister Dr. Himanta Biswa Sarma on Sunday welcomed the record financial and operational performance achieved by Oil India Limited (OIL) and Numaligarh Refinery Limited (NRL), describing the achievements as a matter of pride for Assam and a significant contribution to India’s energy security.

In a post on X, the Chief Minister said OIL recorded its highest-ever quarterly standalone Profit After Tax (PAT) of ₹2,870 crore, marking a 2.5-fold increase over the corresponding period last year. He attributed the growth to an 11% rise in crude oil production and improved realisation from prices.

OIL’s consolidated PAT stood at ₹4,027 crore, registering a 97% year-on-year increase, while crude oil production reached 0.950 million metric tonnes. The company also recorded its highest-ever daily crude oil production of 10,921 tonnes, equivalent to 84,109 barrels.

Sarma also highlighted OIL’s exploration activities in the Andaman Basin and the achievement of its highest-ever horizontal displacement of 3,116 metres in an onshore well in Assam.

Meanwhile, NRL reported a 167 year-on-year increase in Profit After Tax, reaching ₹1,305 crore. Thr refinery also achieved a gross refining margin of $35.95 per barrel and a distillate yield of 87.58%.

The Chief Minister congratulated the OIL and NRL teams on the achievements, saying the strong performance further strengthens Assam’s role in India’s energy sector and contributes to the country’s energy security.---------

Hindusthan Samachar / Sriprakash