Oil India’s (OIL) subsidiary company -- Numaligarh Refinery (NRL) has escalated the cost of its capacity expansion project by Rs 5,432 crore to Rs 28,026 crore due to adoption of advanced technology. Union Ministry of Petroleum & Natural Gas has already approved the revised project cost for increasing capacity from 3 million metric tonnes per annum to 9 MMTPA.
With adoption of state-of-the-art technology in this configuration and addition of extremely complex schemes like residue hydrocracking, the refinery will be able to process heavier crude oil and maximize production of distillates. This adoption of technology led to an increase in the project cost from Rs 22,594 crore to Rs 28,026 crore.
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.
