Lube Modernization & Bottom Upgradation Project at Mumbai Refinery
Original Cost
₹4679 Cr
Baseline estimate
Revised Cost
₹6008 Cr
Latest approved cost
Expenditure
₹326 Cr
Spent to date
Utilization
5.4%
Of revised budget
Cost Status
+28.4%
+₹1329 Cr increase
Remaining
₹5682 Cr
Budget left
Budget Utilization
5.4%Spent
₹326 Cr
Remaining
₹5682 Cr
Total
₹6008 Cr
Budget Split
Cost Escalation Analysis
Original Cost
₹4679 Cr
Revised Cost
₹6008 Cr
Increase
+₹1329 Cr
Escalation
+28.4%
Project Timeline
Project Approved
Construction / Implementation
Original End Date
16/03/2028
Revised Completion
31/08/2029
Completed
Project Details
Financial Summary
Project Intelligence
Cost has increased by ₹1329 Cr (28.4%) from the original estimate of ₹4679 Cr.
Expenditure stands at ₹326 Cr, which is 5.4% of the revised project cost.
Remaining budget: ₹5682 Cr. Tracked under the DPIIT Investment Project Monitoring system.
Sector: Oil & Gas. Ministry: Ministry of Petroleum & Natural Gas.
Lube Modernization & Bottom Upgradation Project at Mumbai Refinery is a centrally-funded infrastructure project under Ministry of Petroleum & Natural Gas, in the Oil & Gas sector. The original approved cost is ₹4679.00 Cr, later revised to ₹6008.00 Cr.
This project is tracked under the Investment Project Monitoring (IPM) system maintained by DPIIT. Other central projects in the same sector are listed below.
Frequently Asked Questions
- QWhat is IPM project "Lube Modernization & Bottom Upgradation Project at Mumbai Refinery"?
- Lube Modernization & Bottom Upgradation Project at Mumbai Refinery is a centrally-funded infrastructure project under the Ministry of Petroleum & Natural Gas, tracked through the Investment Project Monitoring (IPM) system. Sector: Oil & Gas. State: Maharashtra. Original cost: ₹4679 Cr.
- QWhat is the cost overrun for this Bihar IPM project?
- The original cost was ₹4679 Cr and has been revised to ₹6008 Cr — a cost overrun of +28.4%. Expenditure to date: ₹326 Cr (5.4% of revised cost). Data as of 2026-08.
- QWhich ministry is responsible for this project?
- Lube Modernization & Bottom Upgradation Project at Mumbai Re is under the Ministry of Petroleum & Natural Gas in the Oil & Gas sector. Project code: 616933. Bihar is one of the states tracked under the central IPM dashboard for this project.
- QWhat is the IPM dashboard and what does it track?
- The Investment Project Monitoring (IPM) dashboard, maintained by DPIIT (Department for Promotion of Industry and Internal Trade), tracks centrally-funded infrastructure projects worth ₹150 Crore and above. Lube Modernization & Bottom Upgradation Project at Mumbai Re is one of several Bihar projects tracked under the Oil & Gas sector on the IPM system.