| Numaligarh Refinery |
Guwahati, April 11: All crude oil transactions between Numaligarh Refinery Limited and Oil India Limited will now be through the electronic data interchange (EDI) mode using Internet-based technology to ensure quick business data exchange.
“This is the first ever implementation of B2B (business to business) process between an upstream and a downstream oil company for automating the crude-oil transaction process using electronic data interchange mode , which will ensure accuracy and instantaneous business data exchange between OIL and NRL,” an NRL official said today.
The agreement to this effect was signed recently in Duliajan in the presence of ministry of petroleum and natural gas additional secretary Sudhir Bhargava, OIL chairman and managing director N.M. Borah, OIL director (finance) T.K. Ananth Kumar, NRL director (finance) Nilmoni Bhakta and other senior officials of both the companies.
OIL, which holds a 26 per cent stake in NRL, sells close to 2 million tonnes of crude oil annually to the latter.
NRL has already implemented B2B process for petroleum product marketing activities with other oil companies, including Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and Indian Oil Corporation Limited (IOCL), last year.
“These e-commerce initiatives have been taken by the refinery to ensure transparency and efficiency in its business matters,” the NRL official said.
Apart from implementing B2B processes between oil marketing companies and OIL, NRL has been leveraging information technology through other vital business processes like e-payment to suppliers and service providers, e-collection from customers, e-procurement of material and services.
The refinery today is transacting almost 99 percent of its business through e-commerce systems supported by SAP (systems, applications and products). It has recently implemented the vehicle tracking system for tankers carrying NRL products from its terminals located near the refinery and at Siliguri to its various retail outlets.
The official said the company had been pursuing operational excellence by implementing new systems and technology to maintain an edge in the market.