Assam cabinet approves Rs 8.23 bn investment in Numaligarh refinery
ECONOMY & POLICY

Assam cabinet approves Rs 8.23 bn investment in Numaligarh refinery

It was announced that the government of Assam planned to invest an additional equity amount of Rs 8.23 billion in the expansion project of Numaligarh Refinery (NRL). The approval for this investment was granted during a state cabinet meeting held on June 24, 2023. The investment would be made through the issuance of additional equity shares to the state government.

The government would release Rs 2.05 billion as the first tranche of additional equity, which was part of the total right shares worth Rs 8.23 billion.

NRL had undertaken a significant expansion project with an estimated cost of Rs 280.26 billion. The project aimed to expand the refinery's capacity from three million tpa to nine million tpa. Additionally, it included the laying of a 1,398-km crude pipeline from Paradeep to Numaligarh and a 605-km product pipeline from Numaligarh to Siliguri.

It was anticipated that the proposed expansion project of NRL would attract an investment of Rs 7.28 trillion in the state.

Also read:
Amazon to Invest $15 Billion in India by 2030
L&T, DRDO ink deal for Scorpene submarines' AIP modules


It was announced that the government of Assam planned to invest an additional equity amount of Rs 8.23 billion in the expansion project of Numaligarh Refinery (NRL). The approval for this investment was granted during a state cabinet meeting held on June 24, 2023. The investment would be made through the issuance of additional equity shares to the state government. The government would release Rs 2.05 billion as the first tranche of additional equity, which was part of the total right shares worth Rs 8.23 billion. NRL had undertaken a significant expansion project with an estimated cost of Rs 280.26 billion. The project aimed to expand the refinery's capacity from three million tpa to nine million tpa. Additionally, it included the laying of a 1,398-km crude pipeline from Paradeep to Numaligarh and a 605-km product pipeline from Numaligarh to Siliguri. It was anticipated that the proposed expansion project of NRL would attract an investment of Rs 7.28 trillion in the state. Also read: Amazon to Invest $15 Billion in India by 2030L&T, DRDO ink deal for Scorpene submarines' AIP modules

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code