more-inState-owned Bharat Petroleum Corporation Limited (BPCL) has sought the government’s nod for threefold expansion of its Numaligarh refinery in northeast from 3 million tonnes per annum (mtpa) to 9 mtpa at a cost of ₹22,000 crore. Excise concessionThe company has sought capital subsidy and excise concession from the government for the refinery project. The company also plans to export products to Bangladesh, Nepal and Myanmar with the refinery expansion. “We are laying a friendship pipeline to Bangladesh and plan to export our products to Bangladesh through this pipeline. The company plans to procure crude from Paradip in Odisha, where IOCL has a refinery.

Source: The Hindu September 20, 2018 17:02 UTC