Paradip Port Trust, Indian Oil Corporation Limited and Numaligarh Refinery Limited have signed a memorandum of understanding for the capacity expansion of the Numaligarh Refinery in Assam.
The pact was inked in the presence of Union minister Nitin Gadkari, Union Minister of State Dharmendra Pradhan, Assam finance minister H B Sarma and Assam commerce and industry minister C M Patowary.
As per the agreement, a 28-inch diamter and 1400-kilometre-long crude oil pipeline of 1 MMTPA capacity will be laid for transporting 6 mmtpa of imported crude oil from Paradip Port in Odisha to Numaligarh in Assam.
Nitin Gadkari, Union Minister for Road Transport, Highways and Shipping, said, “This will lead to an estimated investment of Rs 1,000 crore in Odisha to generate direct and indistrict employment for many people.”
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