Published On:November 27 2014
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Numaligarh Refinery Limited chalks out Rs. 20,000 crore refinery expansion plan.
Numaligarh Refinery Limited (NRL) has chalked out a Rs. 20,000 crore refinery expansion plan to increase its present capacity from the present 3 million metric tonne per annum (MMTPA) to 9 MMTPA.
PSU major Bharat Petroleum Corporation Limited holds 61.65 per cent stake in NRL, while Oil India Ltd. and the Assam government have 26 per cent and 12.35 per cent shareholdings respectively in the firm.
'The demand for products has already been studied for enhanced product configuration, and plan implementation can only be possible with the whole-hearted support and cooperation of vendors,' NRL Managing Director P Padmanabhan said at the refinery's first vendor meet recently.
ET