nrl: Nrl takes 18k crore loan for expansion | Guwahati News

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Guwahati: Numaligarh Refinery Limited has closed its upcoming 6 MMTPA refinery expansion project by raising a Rs 18,904 billion project debt with a consortium of 12 lender banks led by the State Bank of India. This is the largest single borrower fundraising in northeast India.
Jointly owned by Oil India Limited, the Government of Assam and Engineers India Limited, NRL is pursuing a huge project to expand its integrated refining capacity to triple its refining capacity from 3 MMTPA to 9 MMTPA at a cost of Rs.28.026 billion. As part of the project, the company is also laying a crude oil pipeline (approx. 1,640 km) from Paradip, Odisha, to Numaligarh, as well as a crude oil import terminal in Paradip for receiving imported crude oil.
Madhuchanda Adhikari Choudhury, deputy director general of the NRL (Corporate Communications), said in a statement that the loan agreement signing ceremony was held in Guwahati on Thursday and attended by senior officials from all member banks of the consortium, representatives of Oil India Limited, the government of Assam and others participated stakeholders.
OIL CMD and Chairman of the NRL, SC Mishra, committed themselves in their audiovisual message to continuously support this endeavor.
SBI Chairman Dinesh Kumar Khara, in his audiovisual message, expressed his delight in being the leading banker driving the Northeast’s growth story through the Numaligarh Refinery Expansion Project.


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