NRL becomes first oil PSU to introduce online legal compliance

Jul 2, 2018 20:13 IST
NRL becomes first oil PSU to introduce online legal compliance

Numaligarh Refinery Ltd (NRL) in Assam has become the first oil public sector undertaking (PSU) to adopt an online legal compliance system by introducing 'Legatrix'.

The cloud-based compliance management system was inaugurated by Managing Director S K Barua at the company’s corporate office in Guwahati recently.

What is Legatrix?

'Legatrix' is a one-stop solution for effectively managing the organisation’s legal and regulatory compliances through monitoring control at different levels.

It encompasses the requirements of laws such as labour, taxation, IT, commercial, export-import, corporate laws and other industry-specific laws.

Significance

This initiative will boost up NRL’s contribution towards the Digital India Mission and induce a greater transparency in its operations.

About Numaligarh Refinery Ltd 

The Numaligarh Refinery Limited (NRL) was set up at Numaligarh in Golaghat district, Assam in accordance with the provisions made in the historic Assam Accord signed on August 15, 1985.

It is a joint venture between Bharat Petroleum (61.65%), Oil India (26%) and Government of Assam (12.35%).

The refinery has been conceived as a vehicle for speedy industrial and economic development of the region.

The refinery has been able to display creditable performance since commencement of commercial production in October, 2000.

With its concern, commitment and contribution to socio-economic development of the state combined with a track record of continuous growth, NRL has been conferred the status of Mini Ratna PSU.

The present authorized capital of the company is Rs. 1000 crores and paid up capital is Rs. 735.63 crores.

The refinery’s product range includes LPG, Naphtha, Motor Spirit ( MS), Aviation Turbine Fuel (ATF) Superior Kerosene Oil ( SKO) High Speed Diesel (HSD), Raw Petroleum Coke ( RPC ) Calcined Petroleum Coke ( CPC) and Sulphur.

 

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