GoA likely to invest Rs 8.23 billion as additional equity in Numaligarh Refinery Expansion Project

The government of Assam (GoA) is likely to invest Rs 8.23 billion as additional equity in the Numaligarh refinery expansion project. The Assam cabinet approved the investment proposal for additional equity in the refinery expansion project on June 24, 2023. The GoA will release Rs 2.06 billion in the first tranche as additional equity against the total right shares of Rs 8.23 billion. The project involves capacity expansion of the Numaligarh refinery in Assam from 3 million tonnes per annum (mtpa) to 9 mtpa by setting up of a 1,398 km long crude oil pipeline Paradip port in Odisha to Numaligarh in Assam, and 605 km product pipeline from Numaligarh in Assam to Siliguri Marketing Terminal in West Bengal at an estimated cost of 280.26 billion.