Numaligarh Refinery Expansion Cost Rises to Rs 340 Billion

26 Feb 2026 CW Team

The revision reflects an upward adjustment driven by increased capital outlay, higher commodity prices and changes in project scope, according to the firm. The company noted that detailed engineering and procurement assessments had identified areas where expenditure had risen beyond initial projections. Supply chain disruptions, foreign exchange movements and labour cost inflation were cited as contributing factors. Management has initiated a review of project schedules to accommodate the updated financial plan.

Financing for the enlarged budget is expected to combine internal accruals, debt and potential partner contributions, with the final structure contingent on approvals. The refinery will engage lenders and stakeholders to align funding arrangements with revised timelines and cash flow projections. Discussions are likely to address tenure, pricing and security for any borrowing. Regulatory clearances and statutory permits are likely to be sought or updated as part of the approval process.

The expansion has implications for refining capacity and regional fuel supply and could affect downstream industries and employment, contingent on timely execution. Local suppliers and contractors are likely to be engaged during the construction and commissioning phases, supporting jobs and procurement demands. The project could support skill development and ancillary services in the host region, depending on contractor selection. The company will await government decision before finalising procurement and contracting schedules.

Numaligarh Refinery Limited has revised the cost estimate for its expansion project to Rs 340 billion (bn) and has sought government approval for the higher budget. The company indicated that the revised figure supersedes earlier estimates and will alter the capital requirements for the scheme. The expansion is intended to increase processing capacity and modernise facilities, subject to regulatory clearance. Officials said the request was submitted to federal authorities for consideration and clearance. The revision reflects an upward adjustment driven by increased capital outlay, higher commodity prices and changes in project scope, according to the firm. The company noted that detailed engineering and procurement assessments had identified areas where expenditure had risen beyond initial projections. Supply chain disruptions, foreign exchange movements and labour cost inflation were cited as contributing factors. Management has initiated a review of project schedules to accommodate the updated financial plan. Financing for the enlarged budget is expected to combine internal accruals, debt and potential partner contributions, with the final structure contingent on approvals. The refinery will engage lenders and stakeholders to align funding arrangements with revised timelines and cash flow projections. Discussions are likely to address tenure, pricing and security for any borrowing. Regulatory clearances and statutory permits are likely to be sought or updated as part of the approval process. The expansion has implications for refining capacity and regional fuel supply and could affect downstream industries and employment, contingent on timely execution. Local suppliers and contractors are likely to be engaged during the construction and commissioning phases, supporting jobs and procurement demands. The project could support skill development and ancillary services in the host region, depending on contractor selection. The company will await government decision before finalising procurement and contracting schedules.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..