NAGARJUNA OIL REFINERY LIMITED ( NORL)
The Hyderabad-based Nagarjuna Group was founded in 1973, by its visionary leader KVK Raju. The Group pioneered in several industries. It began its journey with Nagarjuna Steels Limited, a steel manufacturing unit. In 1985, the Group launched its second project, Nagarjuna Fertilizers and Chemicals Limited (NFCL), which is also the Group’s flagship enterprise. NFCL is a leading manufacturer and supplier of plant nutrients in India, with a distinction of being the single largest private sector investment in Southern India. NFCL is an ISO 9001:2000 certified company, and with operational profits, which is one of the highest in the industry, NFCL is a market leader.
The Nagarjuna Group is now setting up a Petroleum Refinery plant at Cuddalore, Tamil Nadu, and will help in reducing the energy dependency of the country. The NOCL Cuddalore refinery project is jointly promoted by Nagarjuna Fertilizers and Chemicals Limited, Tata Petrodyne, Uhde Gmbh, TIDCO, and CPCPL joined this project as equity partners, and financial closure was achieved.
Trafigura Pte Ltd had investment USD130 million into a significant equity stake (up to approx. 24%) in the Nagarjuna Oil Corporation Limited (NOCL) oil refinery. The refinery is being constructed at Cuddalore in the State of Tamil Nadu, India. In addition to acquiring an equity stake, Trafigura will invest a further USD120 million into the construction of extensive storage facilities and associated infrastructure at the refinery’s 2,500 acre site.
Trafigura’s investment in the NOCL refinery is the first of its kind for the company, enabling it to create operational efficiencies and to add value to its customers’ supply chains. Geographically, the facility is well positioned to receive crude oil from Trafigura’s international producer partners. The investment also affords the company the ability to participate in India’s domestic market where rising incomes, higher vehicle sales and rapid urbanisation are driving the country’s position as one of the world's fastest-growing major economies.
The refinery to be operated by NOCL will have an annual capacity of six million tonnes. It can process 100% heavy/sour grades of crude and will supply light and middle distillates up to European IV standards. Other partners in the project include TIDCO, a Government of Tamil Nadu enterprise, and Tata Petrodyne, a Tata Group enterprise.
The location of the refinery, on the east coast of India, provides numerous strategic advantages including the ability to receive Very Large Crude Carriers (VLCCs) via a single point mooring. It is also well-positioned to meet the needs of the State of Tamil Nadu which currently has a shortfall in the supply of clean petroleum products.
Commissioning work at the refinery is expected to start this year with commercial operations scheduled to begin during the first half of 2013................Buy this stock for targets of Rs. 15 / 33 and above . A multibagger in future .
The Hyderabad-based Nagarjuna Group was founded in 1973, by its visionary leader KVK Raju. The Group pioneered in several industries. It began its journey with Nagarjuna Steels Limited, a steel manufacturing unit. In 1985, the Group launched its second project, Nagarjuna Fertilizers and Chemicals Limited (NFCL), which is also the Group’s flagship enterprise. NFCL is a leading manufacturer and supplier of plant nutrients in India, with a distinction of being the single largest private sector investment in Southern India. NFCL is an ISO 9001:2000 certified company, and with operational profits, which is one of the highest in the industry, NFCL is a market leader.
The Nagarjuna Group is now setting up a Petroleum Refinery plant at Cuddalore, Tamil Nadu, and will help in reducing the energy dependency of the country. The NOCL Cuddalore refinery project is jointly promoted by Nagarjuna Fertilizers and Chemicals Limited, Tata Petrodyne, Uhde Gmbh, TIDCO, and CPCPL joined this project as equity partners, and financial closure was achieved.
Trafigura Pte Ltd had investment USD130 million into a significant equity stake (up to approx. 24%) in the Nagarjuna Oil Corporation Limited (NOCL) oil refinery. The refinery is being constructed at Cuddalore in the State of Tamil Nadu, India. In addition to acquiring an equity stake, Trafigura will invest a further USD120 million into the construction of extensive storage facilities and associated infrastructure at the refinery’s 2,500 acre site.
Trafigura’s investment in the NOCL refinery is the first of its kind for the company, enabling it to create operational efficiencies and to add value to its customers’ supply chains. Geographically, the facility is well positioned to receive crude oil from Trafigura’s international producer partners. The investment also affords the company the ability to participate in India’s domestic market where rising incomes, higher vehicle sales and rapid urbanisation are driving the country’s position as one of the world's fastest-growing major economies.
The refinery to be operated by NOCL will have an annual capacity of six million tonnes. It can process 100% heavy/sour grades of crude and will supply light and middle distillates up to European IV standards. Other partners in the project include TIDCO, a Government of Tamil Nadu enterprise, and Tata Petrodyne, a Tata Group enterprise.
The location of the refinery, on the east coast of India, provides numerous strategic advantages including the ability to receive Very Large Crude Carriers (VLCCs) via a single point mooring. It is also well-positioned to meet the needs of the State of Tamil Nadu which currently has a shortfall in the supply of clean petroleum products.
Commissioning work at the refinery is expected to start this year with commercial operations scheduled to begin during the first half of 2013................Buy this stock for targets of Rs. 15 / 33 and above . A multibagger in future .
