Cabinet clears Rs 22,594-crore plan for expansion of Numaligarh refinery

The Cabinet also decided to recapitalise the Exim Bank to the tune of Rs 6,000 crore and to double the authorised capital to Rs 20,000 crore

The Cabinet Committee on Economic Affairs on Wednesday cleared the expansion of Bharat Petroleum Corporation's (BPCL) Numaligarh refinery from the current 3 million tonne per annum (MTPA) to 9 MTPA at an investment of Rs 22,594 crore. 

Addressing the Cabinet briefing, Railways minister Piyush Goyal said, "The project will be completed in four years. This will meet the refining requirements of North East region." The expansion also involves setting up of crude oil pipeline from Paradip to Numaligarh and product pipeline from Numaligarh to Siliguri. 

The project is to be completed within a period of 48 months, after approval and