Numaligarh Refinery expansion plan approved by govt

The plan envisages setting up of crude oil pipeline from Paradip to Numaligarh and product pipeline from Numaligarh to Siliguri

GN Bureau | January 18, 2019


#BPCL   #Siliguri   #Paradip   #crude oil   #Numaligarh Refinery   #Oil India Ltd  

The government has given approved the project for capacity expansion of Numaligarh Refinery from 3 MMTPA (million metric tonne per annum) to 9 MMTPA. 

 
The plan envisages setting up of crude oil pipeline from Paradip to Numaligarh and product pipeline from Numaligarh to Siliguri at a cost of Rs 22,594 crore. The expansion task is likely to be completed within two years after approval and receipt of statutory clearances.
 
The total project cost of Rs 22,594 crore will be financed by a mix of debt, equity and viability gap funding (VGF). The debt of Rs 15,102 crore will be raised by Numaligarh Refinery Ltd (NRL) and apart from its internal accrual of Rs 2,307 crore, the promoters BPCL, Oil India Ltd and Assam government will contribute to equity. The project will be supported by VGF of Rs 1,020 crore from the centre.

 

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