Prime Minister inaugurates two flagship pipeline projects of OIL

by Psu Connect
Date: 09-03-24

Both projects were completed at a total Budgeted project cost of Rs. 623 Crore that would ensure safe, reliable and eco-friendly transportation of the hydrocarbon molecules.

Prime Minister inaugurates two flagship pipeline projects of OIL

New Delhi: Oil India, the Maharatna CPSE, witnessed a momentous occasion today as the Hon’ble Prime Minister of India, Shri Narendra Modi inaugurated two flagship pipeline projects of the company in an august ceremony held at Jorhat, Assam. OIL upgraded the pumping capacity of the 756 km Barauni-Bongaigaon-Guwahati sector of its 1157 km long Naharkatiya Barauni Crude Oil Pipeline up to 3 MMTPA, which would help in meeting the supply of imported crude oil at Bongaigaon and Guwahati refinery.

In another venture, the company replaced its 38 km pipeline from Duliajan to Digboi, equipped with a new cathodic protection system and optical fibre communication-based network, which would facilitate the capacity enhancement of Asia’s oldest refinery - the Digboi refinery from 0.65 MMTPA to 1MMTPA. Both projects were completed at a total Budgeted project cost of Rs. 623 Crore that would ensure safe, reliable and eco-friendly transportation of the hydrocarbon molecules.

Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoY

Following the clarion call of the Hon’ble Prime Minister on Atmanirbhar Bharat, most of the machines and equipment used for the projects were indigenously manufactured that contributed towards progress of Indian manufacturing industry. Further, the projects generated employment of nearly 50,000 man-days for site construction works in the eastern states of Assam, West Bengal and Bihar.

Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail deposits

The event was graced by the presence of the Hon’ble Chief Minister of Assam, Hon’ble Union Minister of Port, Shipping, Waterways and Ayush, Hon’ble Minister of State, Petroleum & Natural Gas and Labour & Employment, Hon’ble Member of Parliament, Guwahati along with senior dignitaries from MoPNG, Chairman & Managing Director of OIL and senior officials from district administration, OIL and other PSUs.

In his address, the Prime Minister expressed that these projects hold the potential to significantly bolster the socio-economic landscape of the state, fostering its overall development and prosperity.

Read Also : India assumes the Chair of Asian Disaster Preparedness Centre