April 22, 2018 4:05 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Nagarjuna Oil Refinery Limited

Company Overview

Nagarjuna Oil Refinery Limited engages in promoting, conceiving, planning, coordinating, executing, and monitoring setting up of business relating to extraction of oil in India and internationally. The company was incorporated in 2010 and is based in Hyderabad, India.

D.No. 8-2-248

Nagarjuna Hills

Hyderabad,  500082

India

Founded in 2010

5 Employees

Phone:

91 40 2335 7200

Fax:

91 40 2335 4788

Key Executives for Nagarjuna Oil Refinery Limited

Nagarjuna Oil Refinery Limited does not have any Key Executives recorded.

Nagarjuna Oil Refinery Limited Key Developments

BPCL Reportedly Eyes Nagarjuna Oil

Bharat Petroleum Corporation Limited (NSEI:BPCL) intends to acquire Nagarjuna Oil Refinery Limited (BSE:534184). At least three contenders, including BPCL, are vying for Nagarjuna Oil's 6-million-tonne-a-year refinery that is on the block under the Corporate Insolvency Resolution Process. According to sources, BPCL is among those likely to submit a resolution plan. Others are an Oman-based company and another from Singapore, a source said declining to give more details. Major consultants, including KPMG and Fox Mandal, are handling the due-diligence.

Nagarjuna Oil Refinery Limited Appoints Hari Haran Ramanathan as Independent Director

Nagarjuna Oil Refinery Limited appointed Hari Haran Ramanathan as independent director with effect from February 9, 2018, not liable to retire by rotation, in place of S R Ramakrishnan who resigned from the board of director on November 15, 2017.

Nagarjuna Oil Refinery Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017

Nagarjuna Oil Refinery Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported total income of INR 0.001 million against INR 0.036 million a year ago. Loss before exceptional item and tax was INR 11.888 million against INR 18.550 million a year ago. Loss before tax was INR 11.888 million against INR 18.550 million a year ago. Loss from continuing operations was INR 11.888 million or INR 0.03 per basic and diluted share not annualized against INR 18.550 million or INR 0.04 per basic and diluted share not annualized a year ago. Loss for the period was INR 11.888 million against INR 18.550 million a year ago. For the nine months, the company reported total income of INR 0.002 million against INR 0.036 million a year ago. Loss before exceptional item and tax was INR 23.779 million against INR 29.031 million a year ago. Loss before tax was INR 23.779 million against INR 1,850.681 million a year ago. Loss from continuing operations was INR 23.779 million or INR 0.06 per basic and diluted share not annualized against INR 1,850.681 million or INR 4.32 per basic and diluted share not annualized a year ago. Loss for the period was INR 23.779 million against INR 1,850.681 million a year ago.

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