Centre shelves decision to privatise NRL, NEEPCO to merge with NTPC

The government has announced that the Numaligarh refinery will remain under government’s control and will not be privatised. Finance Ministry on Wednesday gave in-principle approval for the sale of its stake in five Corporate Public Social Enterprises, including Bharat Petroleum Corporation Limited, Shipping Corporation of India and Container Corporation of India. The approval paves the […]

Cabinet clears Rs 22,594 cr plan for expansion of Numaligarh refinery

The Cabinet committee on Economic Affairs today approved the project for capacity expansion of Numaligarh Refinery from 3 Million Metric Tonne Per Annum to 9 MMTPA. The project 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 […]