NRL focusing on Rs 20,000-crore expansion plan: Varadarajan

Bs_logoImage
Press Trust of India Guwahati
Last Updated : Sep 04 2015 | 7:13 PM IST
Numaligarh Refinery Limited (NRL) is focusing on its ambitious refinery expansion plan at an estimated cost of Rs 20,000 crore, along with initiatives to penetrate markets of neighbouring countries.
"The company is pursuing its ambitious refinery expansion from 3 MMTPA to 9 MMTPA which includes the envisaged 6.0 MMTPA crude oil pipeline for transporting imported crude from India's East Coast," NRL Chairman S Varadarajan told reporters here today.
This is a very aspirational project at a very high estimated project cost of Rs 20,000 crore which is expected to be completed within 48-54 months and meet the energy demand of neighbouring countries, he said.
The fund for the expansion plan is expected to be raised by debt-equity mix from stakeholders and the returns are expected to be high and the project would definitely be a viable one, the chairman added.
NRL has also undertaken initiatives to penetrate the markets of neighbouring countries and is pursuing a plan to lay a 135 kms petroleum product pipeline from its terminal at Siliguri to Parbatipur in Bangladesh to facilitate sustained export of motor spirits, he said.
Field survey and Detailed Feasibility Report (DFR) for the pipeline have been completed while an MoU has been signed between NRL and Bangladesh Petroleum Corporation to form a joint venture company for implementing the pipeline project, he added.
Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories

  • Over 30 subscriber-only stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 04 2015 | 7:13 PM IST