DNP Ltd
About Company
Assam Gas Company conceived the project of transportation of natural gas from Duliajan to Numaligarh for Numaligarh Refinery Ltd (NRL) way back in 2004. OIL and NRL signed an agreement for gas supply from Madhuban at Duliajan to NRL on 17th March 2005 and a gas transportation agreement was signed between AGCL and NRL on 27th June 2005.
Subsequently, NRL offered to pick up a 40% equity stake in the project and a new company, DNP Ltd with equity participation by AGCL (60%) and NRL(40%) was formed. The company was registered on 15th June 2007 with its operational headquarters at AGCL, Duliajan. Later on Oil India Limited joined hands for an equity participation in the project. Now the equity stands at AGCL (51%,), NRL(26%) and OIL(23%).