The expansion project of the Numaligarh refinery in Assam, which is a joint venture between Bharat Petroleum Corporation, Oil India, and the Assam government, is expected to be completed by December 2025, according to the top management of Oil India.
Post its expansion, the refinery’s capacity is expected to increase to 9 million tonne per annum from the present 3 million tonne.
“The cost of our NRL expansion project is around Rs 280 billion. Currently, the physical progress is 65%, and we are expecting that it will be completed by December 2025,” Oil India said in its earnings call. “Total equity contribution will be around Rs 55 billion for this project and out of this 69% will be Oil India’s share.”
The state-owned upstream company informed that Rs 190 billion has already been invested in the project. Post its expansion, the refinery will operate at 50-60% capacity before running at its full capacity from 2026-27 as it will need time to stabilize, the company said.
NRL is expanding its capacity by installing a 6 million tonne per annum capacity refinery and associated crude oil terminals and pipeline, considering processing of Arab Light and Arab Heavy grades of crude oil. The required additional quantity of crude oil is planned to be imported through Paradip Port in Odisha.
