New Delhi, July 4 -- Numaligarh Refinery Ltd (NRL) reported a 70% rise in net profit in 201516 to reach an all-time high of ' 1,222 crore. The Assambased refinery is hopeful of sustaining the momentum achieved with optimisation of refinery operations, value addition in terms of new projects and continuous innovation, managing director P Padmanabhan tells HT:

NRL is planning to enter the upstream oil business. Which companies have you identified for partnerships?

NRL is exploring opportunities to enter the upstream oil and gas sector, particularly in the marginal fields in Assam and the North East. The company intends to participate in the discovered small-field bid round this year for 46 contract areas in association with Bharat Petro R...