PM to lay foundation of Rs. 49,000 cr Petrochemicals Complex

Refinery Expansion Project at BPCL’s Bina Refinery

Bhopal – Prime Minister Narendra Modi will mark a significant milestone in India’s industrial growth by laying the foundation stone of the Petrochemical Complex at Bharat Petroleum Corporation Limited’s (BPCL) Bina Refinery at Bina, Madhya Pradesh, on 14th September. This groundbreaking project, valued at Rs. 49,000 Crore, is a strategic investment in India’s petrochemical sector. This initiative aligns seamlessly with the ‘Atmanirbhar Bharat Mission,’ as it addresses the deficit in petrochemical products, resulting in annual Forex savings through import substitution.

The project’s completion is expected over a span of five years. The project will contribute significantly to employment and skill development in the region with an estimated generation of 15,000 employment opportunities during the construction phase. It will also expected to significantly elevate the region’s socio-economic landscape by generating upto one lakh direct and indirect employment opportunities with proposed downstream Petrochemical Park and ancillary businesses.

Speaking on the occasion, G. Krishnakumar, Chairman & Managing Director, Bharat Petroleum Corporation Ltd said “our Rs 49000 crore investment in the Ethylene Cracker Project at Bina is demonstrative of our firm commitment in expanding BPCL’s energy envelope with a future ready product portfolio in the petrochemical space and becoming a major participant in our Government’s mission of building the country as a globally competitive and preferred manufacturing destination

The successful execution of this project is poised to revolutionize industrial development in Madhya Pradesh and the Bundelkhand region. It is expected to attract substantial investments from downstream industries relying on BPCL’s petrochemical products. This historic event underscores India’s commitment to self-reliance and sustainable industrial growth, positioning the nation as a global leader in the petrochemicals sector.

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