Numaligarh Refinery Limited (NRL) will set up its crude oil import terminal (COIT) at Paradip port in Odisha.
A tripartite agreement in this regard was signed on September 23 between NRL, Paradip Port Trust and Dredging Corporation of India (DCI) for reclamation of the proposed 200 acres of land allotted to NRL.
The terminal is being set up as a part of NRL’s Integrated Refinery Expansion project being implemented at an estimated cost of more than Rs 22,000 crore.
The mega project envisages among others, import of crude oil at Paradip port and laying of pipeline to Numaligarh to transport the same.
Project activities have gathered pace after receipt of environmental clearance in July.
DCI shall start the dredging activity from mid-November next and is expected to complete the reclamation work within seven months.
This is for the first time that maintenance dredging material will be utilised for land reclamation of the Numaligarh Refinery Limited (NRL) storage terminal at Paradip.