Core Insights - The company has proposed to increase the budget for the Numaligarh Refinery Expansion Project (NREP) from Rs 28,026 crore to Rs 33,901 crore, which is currently under consideration by the Public Investment Board (PIB) [1][6][11] - The capacity expansion aims to increase production from 3 million metric tonnes per annum (MMTPA) to 9 MMTPA, with completion expected by December 2026 [1][12] - Approximately 85% of the expansion project has been completed, with an estimated expenditure of Rs 27,601 crore so far [2][12] Budget and Funding - The initial budget for the project was Rs 22,594 crore, which has seen multiple revisions due to various factors including advanced technology adoption and increased procurement costs [7][8][11] - The project is financed through a mix of debt and equity at a 70:30 ratio, supported by a consortium of 12 banks led by the State Bank of India [9][12] Production Capacity and Output - Upon completion, the refinery's production capacity will increase significantly, with expected outputs of 1,956 MMTPA of motor spirit, 5,270 MMTPA of high-speed diesel, and 560 MMTPA of LPG [9][12] - The refinery is also implementing a polypropylene project with a capacity of 360 KTPA at an estimated cost of Rs 7,231 crore [10][12] Environmental Initiatives - The company has outlined a roadmap to achieve net-zero goals by 2038 and is taking steps to establish a green hydrogen plant with a capacity of 300 kg per hour [10][12]