Oil & Gas

Modi to inaugurate ₹50,000 Crore BPCL refinery expansion project in MP

Prime Minister Narendra Modi is set to lay the foundation stone for the ambitious expansion project of Bharat Petroleum Corporation Limited’s (BPCL) Bina Refinery in Sagar district, Madhya Pradesh, on September 14, 2023. The project, estimated to cost ₹50,000 crore, represents a significant step towards bolstering India’s energy infrastructure and increasing the country’s refining capacity.

The Bina Refinery, initially inaugurated by former Prime Minister Manmohan Singh in May 2011, has been a vital asset for the nation’s energy needs. With a current capacity of 7.7 million metric tonnes per annum for crude distillation and vacuum distillation units, the upcoming expansion aims to elevate this capacity to 11 million metric tonnes per annum. This substantial increase will not only meet the growing demand for petroleum products but also enhance India’s self-reliance in the energy sector.

Sagar Collector Deepak Arya shared details of the project, highlighting its significance for the region and the nation as a whole. The expansion project is expected to create numerous job opportunities, stimulate economic growth, and strengthen the region’s industrial landscape.

In addition to the refinery expansion, Prime Minister Modi will also inaugurate new units at Hadkal village, situated approximately 70 kilometres from the district headquarters. This multifaceted development project underscores the government’s commitment to bolstering India’s energy security and fostering industrial growth.

This visit to Sagar district marks Prime Minister Modi’s second engagement in the Bundelkhand region within a month. On August 12, he laid the foundation stone for a temple-cum-memorial complex dedicated to the revered spiritual leader Sant Ravidas, further emphasizing the government’s focus on both infrastructure development and cultural heritage preservation.

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