New Delhi, Jan. 16 -- The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Tuesday gave its approval to the project for capacity expansion of Numaligarh Refinery from 3 Million Metric Tonne Per Annum(MMTPA) to 9 MMTPA.
Railway Minister Piyush Goyal in a Cabinet briefing here said, ''It involves setting up of crude oil pipeline from Paradip to Numaligarh and product pipeline from Numaligarh to Siliguri at a cost of Rs 22,594 crore. The project is to be completed within a period of 48 months, after approval and receipt of statutory clearances.''
The total project cost of Rs 22,594 crore will be financed by a mix of debt, equity and Viability Gap Funding (VGF). The debt of Rs 15,102 crore will be raised by ...