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The three-million-tonne Numaligarh Refinery Ltd may resume operation on May 19 or 20, according to sources.
The hydro-cracker unit of the Assam-based refinery was damaged in a fire on April 7 bringing operations to a standstill.
Production loss
While assessment of the damage is yet to be over, sources suggest that the loss on equipment may be to the tune of Rs 20 crore.
In addition, the company is losing nearly Rs 60 lakh a day on production totalling a little over Rs 25 crore for 42 days.
Company sources say that bulk of the losses may be covered through insurance claims.
Also part of the production losses, will also be covered under the pre-scheduled maintenance shut down which coincided with the fire-related operational loss.
Investigation report
Though the final report on the cause of the fire is yet to be placed, preliminary reports by investigating agencies blamed manufacturing defects as a major reason.
Set up as part of the resolutions of Assam Accord in 1985, the Numaligarh-based refinery is a 61 per cent subsidiary of oil marketing major Bharat Petroleum Corporation Ltd (BPCL).
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