nrl: Nrl takes 18,000 crore loan for expansion | Guwahati News

Guwahati: Numaligarh Refinery Limited has achieved financial close on its upcoming 6 MMTPA refinery expansion project by linking project debt of Rs 18,904 crore with a consortium of 12 lending banks led by the State Bank of India. This is the largest single borrower fundraiser in North East India.
NRL, co-owned by Oil India Limited, the Government of Assam and Engineers India Limited, is pursuing an integrated mega refinery capacity expansion project to triple its refining capacity from 3 MMTPA to 9 MMTPA at a cost of Rs 28,026 crore. As part of the project, the company is also laying an oil pipeline (approximately 1,640 km) from Paradip, Odisha, to Numaligarh, as well as a crude oil import terminal at Paradip for the reception of imported crude.
LNR (Corporate Communications) Deputy Director General Madhuchanda Adhikari Choudhury, in a statement, said the loan agreement signing ceremony was held in Guwahati on Thursday in the presence of senior officials from all banks. from the member consortium, representatives of Oil India Limited, the Assam government and other stakeholders.
OIL CMD and president of NRL, SC Mishra, in his audiovisual message pledged to provide continued support to this endeavor.
SBI Chairman Dinesh Kumar Khara, in his audio-visual message, expressed his joy at being the main banker that has fueled the Northeast’s growth story through the Numaligarh refinery expansion project.

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