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Numaligarh Refinery Expansion to Boost India’s Energy Security

05 August 20242 mins read by Angel One
The increasing refining capacity of the Numaligarh Refinery in Assam to 9 MMTPA by 2024 is a significant step towards India's energy self-sufficiency.
Numaligarh Refinery Expansion to Boost India’s Energy Security
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India is making progress toward energy self-sufficiency, as Minister of Petroleum and Natural Gas Hardeep Puri has noted. The development of the Numaligarh Refinery in Assam is a crucial part of this growth.

Currently undergoing a significant expansion, the refinery’s capacity is set to triple from 3 MMTPA to 9 MMTPA by 2024. To support this increased capacity, a substantial 1,640 km pipeline is being constructed to transport imported crude from Paradip Port to Numaligarh. This infrastructure development, coupled with the refinery’s expansion, is a strategic move to enhance India’s energy security.

The project, sanctioned with a budget of ₹28,026 crore, secured environmental clearance in July 2020. Its completion will not only augment India’s refining capacity but also stimulate economic growth in the Northeast region.

Numaligarh Refinery Limited (NRL), a public sector undertaking under the Ministry of Petroleum, is the largest refinery in Assam. The state government’s significant investment of ₹2,187 crore to increase its stake in NRL to 26% underscores the project’s importance for Assam’s economic development.

As India forges ahead on its path to energy independence, the Numaligarh Refinery expansion stands as a testament to the nation’s commitment to strengthening its energy infrastructure and reducing reliance on imports.

This strategic initiative is expected to have a far-reaching impact, bolstering the domestic oil and gas sector, creating employment opportunities, and contributing to India’s overall economic growth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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