The MoU was inked by NRL general manager (marketing and business development) Bruno Ekka and BPC's general manager (planning and development) Mustafa Qudrat-I-Elahi on April 22.
makes it possible for export of petroleum products from NRL's marketing terminal in Siliguri in West Bengal to the BPC depot in Parbatipur in Bangladesh through the proposed 'Indo-Bangla Friendship Pipeline'.
The proposed pipeline will be 130-km-long and have the capacity of 1 MTPA (Million Tonnes Per Annum).
The present authorized capital of the company is Rs 1,000 crore and paid up capital is Rs 735.63 crore. BPCL owns the maximum 61.65 percent in the PSU and OIL 26 percent.
During his recent visit to the refinery Union minister of state (independent charge) for petroleum and natural gas Dharmendra Pradhan appreciated the Miniratna PSU's performance and its achievements. The minister also pitched for expansion of NRL’s capacity from 3 MMTPA to 9 MMTPA and advised to put up the proposal for necessary approvals.
The minister also described NRL as a ‘model Refinery’ which could serve as a benchmark for emulation by others.