State-run oil refiner Bharat Petroleum Corporation Ltd (BPCL) is close to getting cabinet backing to expand the capacity of its refinery located at Numaligarh in Assam’s Golaghat district by 6 million tonnes with an investment of ₹22,000 crore.
The Narendra Modi-led government is expected to sign off on the expansion plan that includes a viability gap funding (VGF) and tax concessions from the Centre as the ruling party pushes ahead with its aim to woo voters in the North-East with mega projects in the run-up to the general elections.
North-East States send 25 lawmakers to Lok Sabha.
Numaligarh Refinery Ltd, 61.65 per cent owned by Maharatna PSU BPCL, currently refines 3 mt of crude a year. The refinery was set up in 1999 following the Assam Accord. Read More