In order to complete its five key ongoing projects, including the India-Bangladesh Friendship Pipeline (IBFPL), the Numaligarh Refinery Ltd (NRL) plans to invest RS 35,000 crore over the next five years, a top company official revealed.
After the annual general meeting, Chairman and Managing Director RanjitRath told reporters that the company is committed to completing its major ongoing projects, including the expansion of the Numaligarh Refinery, the ParadipNumaligarh crude oil pipeline and crude oil import terminal at Paradip, as well as the 2G ethanol project and IBFPL.
“In the next five years, the company has planned to invest more than Rs 35,000 crore in completing these projects,” he said. The projects will enable long-term business growth, and completion of these initiatives without any time and cost overrun remains the core focus area of the company, Rath said.
