The government would release Rs 2.05 billion as the first tranche of additional equity, which was part of the total right shares worth Rs 8.23 billion.

NRL had undertaken a significant expansion project with an estimated cost of Rs 280.26 billion. The project aimed to expand the refinery's capacity from three million tpa to nine million tpa. Additionally, it included the laying of a 1,398-km crude pipeline from Paradeep to Numaligarh and a 605-km product pipeline from Numaligarh to Siliguri.

It was anticipated that the proposed expansion project of NRL would attract an investment of Rs 7.28 trillion in the state.