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Government to supply Rs 5,559 cr viability hole investment to arrange gasoline grid in NE


The Cupboard on Wednesday licensed an offer to supply Rs 5,559 crore viability hole investment for construction a 1,656 km gasoline grid within the Northeast area at a value of Rs 9,256 crore, Oil Minister Dharmendra Pradhan stated.


The verdict to supply viability hole investment to Indradhanush Fuel Grid Ltd for putting in the North East Herbal Fuel Pipeline Grid used to be taken through the Cupboard chaired through High Minister Narendra Modi in its assembly.



The federal government will supply Rs 5,559 cr viability hole investment for construction a 1,656 km gasoline grid in North East at a value of Rs 9,265 crore, Pradhan stated, whilst addressing media.


“Quantum of viability hole investment shall be capped at 60 in keeping with cent of estimated venture value; Fuel pipeline could be advanced in eight states of north east; this may increasingly result in building of commercial local weather in those states and growth in way of life of other folks within the area,” the federal government stated.

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Sarah Lacy

Sarah Lacy

Sarah Lacy is a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.
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