Port Wings News Network:
In a significant development, 200 acres of land was allotted by Paradip Port Trust( PPT) to Numaligarh Refinery Limited (NRL) on long term lease to set up NRL’s Crude Oil terminal in Paradip. This facility will enable NRL to import Crude Oil at Paradip port to meet its requirement post Refinery Expansion from 3 to 9 MMTPA.
An MoM was signed to this effect on 7 February in Bhubaneswar between Dy. Secretary PPT – Mr. K Tirumoolar and Sr CGM (Projects) NRL – Mr. A P Chakraborty in presence of Chairman PPT – Mr. Rinkesh Roy, MD NRL – Mr S K Barua and senior officials from both the organizations. An amount of Rs. 20 Crore was handed over by NRL to PPT as initial deposit for the land.
NRL has embarked on a major Refinery Expansion project to treble its capacity from existing 3 MMTPA to 9 MMTPA at a project cost of more than Rs. 22,000 Crore, the highest ever investment in the North East of India. Formal approval from Government of India for this project was received in January 2019.