The Hindu Business Line : CCEA okays Oil India's Numaligarh pipeline project

THE Cabinet Committee on Economic Affairs (CCEA) has approved the proposed construction of a 660-km long pipeline of Oil India Ltd (OIL) from Numaligarh in Assam to Siliguri in West Bengal at an estimated cost of Rs 468.92 crore.

The pipeline is expected to transport 1.72 million tonnes (mt) of petrol, diesel and kerosene produced at Numaligarh Refinery Ltd (NRL). It would ensure efficient and uninterrupted evacuation of the refinery's surplus products to Siliguri and optimum utilisation of capacity, an official statement said. Further, the savings in freight and enhanced capacity utilisation are expected to substantially improve the company's profitability, the statement said.

With the pipeline, NRL would be able to operate at 3 mt per annum instead of the present 2.2 mt. About 2.32 mt of surplus product will move to deficit areas in Bihar, Uttar Pradesh and beyond, up from the current 1.6 mt.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Sabarimala Temple all set for Rs 1,000-cr facelift — IL&FS to raise funds from market

CCEA okays Oil India's Numaligarh pipeline project

`Rising crude prices may boost use of vegetable oils'

India, Japan looking at co-operation in hydrocarbon sector

Cairn yet to decide on venture with ONGC

Drugs: Sibal prefers `price-monitoring' to controls

Repair, servicing of computer software to attract service tax

Singapore varsities' road show to woo Indian students

`Funds for expansion not an issue for Apollo Hospitals'

ICAI for mutual recognition agreement

Govt to set new standards for ayurvedic, unani drugs

Manufacturing meet calls for quality, excellence

Mukta Arts: CLB gives nod for further probe