Guwahati: Numaligarh Refinery Limited (NRL) has signed a ₹3,482 crore Term Loan Facility Agreement with National Bank for Financing Infrastructure and Development (NaBFID) to fund the Paradip–Numaligarh Crude Oil Pipeline (PNCPL) project. The financing marks a significant step toward strengthening energy infrastructure and optimizing financial costs for the refinery.
The agreement was formally signed at NRL’s Corporate Office in Guwahati by Pratul Saikia, Senior Chief General Manager (Finance) & Chief Risk Officer, representing NRL, and Dinesh Kadam, Vice President, representing NaBFID.
Strategic Funding for Energy Infrastructure
The ₹3,482 crore loan will support the development and implementation of the Paradip–Numaligarh Crude Oil Pipeline (PNCPL), a critical infrastructure project designed to improve crude oil transportation efficiency.
Once completed, the pipeline is expected to strengthen supply chain logistics for crude oil movement, enabling more efficient refinery operations and supporting the broader energy ecosystem in India.
Strengthening Financial Efficiency
The partnership with NaBFID is also expected to help NRL optimize financing costs and improve capital efficiency while ensuring the timely execution of the pipeline project. By securing long-term institutional funding, NRL aims to maintain prudent financial management while advancing key infrastructure initiatives.
The financing milestone reflects growing collaboration between major energy companies and financial institutions to accelerate strategic infrastructure projects across the country.
Boost to India’s Energy Security
The Paradip–Numaligarh Crude Oil Pipeline project will play a key role in enhancing India’s energy infrastructure network by ensuring smoother crude supply to refineries and reducing logistical constraints. The initiative aligns with the country’s broader efforts to strengthen energy security and improve operational efficiency in the oil and gas sector.
About Numaligarh Refinery Limited (NRL)
Numaligarh Refinery Limited (NRL) is a leading Public Sector Undertaking (PSU) refinery headquartered in Guwahati, with its refinery located in Numaligarh. The company operates as part of the Oil India Limited group and plays a crucial role in supplying petroleum products across northeastern India and other regions.
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