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BPCL SEEKS RS 8,800-CRORE GRANT FOR EXPANSION AT NUMALIGARH REFINERY

ogNEW DELHI: State-owned refiner BPCL has sought a Rs 8,800-crore capital subsidy grant from the central government to expand its Numaligarh refinery in Assam, from the current capacity of 3 million tonne per annum (mtpa) to 9 mtpa. This is in the wake of Modi presenting a comprehensive vision for the overall development of the Northeast.

 

The expansion of the refinery, owned 61.65% by BPCL, would cost Rs 16,600 crore, which means the capital subsidy sought would amount to 53% of the project cost. This also includes laying a 1,350-km pipeline to ferry crude from the east coast to the refinery.

 

S Varadarajan, chairman and managing director of BPCL, in a recent communication to petroleum secretary Saurabh Chandra said