About NIL

About NIL
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History and Evolution

Our Company was incorporated in New Delhi on March 15, 1965 under the Companies Act as a private limited company under the name ` Navaratna India Limited¿ in accordance with a formation agreement dated November 20,1964 and a memorandum of agreement dated June 27, 1964 between the Government of India (GoI) and Bechtel International Corporation (BIC).

Thereafter, the memorandum of agreement, the formation agreement and a subsequent technical services agreement entered into by our Company and Bechtel Overseas Corporation (BOC) were terminated by mutual consent in accordance with an agreement between the Government of India, BIC and BOC in May 1967. In accordance with the terms of this agreement our Company also entered into separate agreements for mutual release in June 1967 with BOC and BIC whereby the parties mutually agreed to forever discharge and release the other party and its officers, employees from all liabilities, obligations and duties under the terminated agreements.

In May 1967, we became a wholly-owned GoI enterprise. In 1996, the GoI disinvested approximately 6.0% of its shareholding in our Company and we became a public listed company.

Overview of milestones in our historical operations:

  • Successful Offer for Sale (OFS) of 10% of paid-up Equity Share Capital
  • ISO 9001:2015 certification
  • Established joint venture company Ramagundam Fertilizers and Chemicals Ltd. with NFL and FCIL for revival of Ramagundam Fertilizer Project.
  • Golden Jubilee celebrations culminate with the release of commemorative Postage Stamp and Coffee Table Book by Hon'ble Prime Minister of India.
  • OHSAS 18001 and ISO 14001 certified.
  • Successful Further Public Offer (FPO) of 10% of paid-up Equity Share capital.
  • Navratna status accorded to the Company.
  • Entered into production sharing contract with the GoI for exploration blocks.
  • Expansion into overseas fertilizer projects.
  • Established the joint venture company Jabal IOT Company Limited with Jabal Dhahran Company Limited and IOT Infrastructure & Energy Services Limited in the KSA.
  • Commenced work in the nuclear energy segment.
  • Commenced work in the solar energy segment.
  • The Company undertook a further public offer of 10% of its paid-up Equity Share capital by way of an offer for sale by the Promoter.
  • Established the joint venture company TEIL Projects Limited with Tata Projects Limited.
  • Commenced providing engineering, procurement, construction management services in relation to sub-surface crude storages.
  • Commenced work in the infrastructure sector.
  • Listing on the BSE and NSE.
  • Mini Ratna status accorded to the Company.
  • Our Subsidiary, Certification Engineers International Limited was set up.
  • ISO 9001 certified.
  • The Company set up its own research and development centre at Gurgaon.
  • Commenced work in onshore oil and gas processing segment.
  • Commenced work in the pipelines segment.
  • Entered into offshore oil and gas processing segment.
  • Commenced work in the metallurgy segment.
  • Commenced work in fertilizers segment.
  • Commenced first international assignment.
  • Termination of the agreements with BIC and acquisition of the equity shares of the Company held by BIC by the Government of India.
  • Commenced work in the petrochemicals segment.
  • Incorporated pursuant to a formation agreement dated November 20, 1964 between the Government of India and BIC.
  • Commenced work in the refineries segment.