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The Silicon Review Asia

ONGC to Work on Major Projects in Assam, Will Invest Rs13,000 Crores over the Next Five Years

ONGC to Work on Major Projects in Assam, Will Invest Rs13,000 Crores over the Next Five Years

The state-owned multinational oil and gas company, ONGC is all set to invest Rs 13,000 crore in Assam with the aim of exploration and production in Assam over the period of next five years. ONGC Chairman, Shashi Shanker, said that the investment that ONGC is planning to make is 30% more in comparison to its earlier five year budget. ONGC is working as a part of an association which intends to connect all the north-eastern capitals with a pipeline and has invested Rs 6,000 crore for this project.

Recently, Dharmendra Pradhan, the Union minister for petroleum and natural gas, inaugurated nine projects in the hydrocarbon sector in Assam. He said that they have started working on developing the necessary pipeline infrastructure to harness the vast reserves of gas that the north-eastern states possess. “Refining capacity of Numaligarh Refinery is increased from 3 million metric tonnes per anum (mmtpa) to 9 mmtpa at an estimated investment of Rs 22, 594 crore”, he added.

As mentioned by Assam’s Industry minister, Chandra Mohan Patowary, they have already invested Rs 51,000 crore out of the committed investment of Rs 79,000 crore decided at the BJP-led government’s Advantage Assam global investors’ summit. He also mentioned that the Government of India has taken care of the agitations they had to face for getting a bridge. Now it has sanctioned six bridges without any agitation.

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