Assam Cabinet Takes Key Decisions; Equity Infusion in NRL
Why in News?
- The Assam Cabinet has approved a significant equity infusion of ₹205 crore into Numaligarh Refinery Limited (NRL), marking the fourth and final installment of the state’s committed investment. This brings the total equity contribution by the Assam government to ₹823 crore, aligning with its 26% stake in the Mini Ratna Central Public Sector Enterprise (CPSE).
Important Key Points:
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Final Equity Installment: The ₹205 crore release completes Assam’s pledged investment in NRL, supporting the refinery’s expansion initiatives.
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Strategic Expansion: NRL’s expansion aims to enhance its refining capacity, positioning it as a major player in the region’s energy sector.
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Economic Impetus: The investment is expected to generate employment opportunities and stimulate economic growth in Assam.
