BPCL plans ₹49,000-cr project in MP

PM lays foundation stone of Bina refinery, petchem complex

- MANISH GUPTA

PRIME MINISTER NARENDRA Modi on Thursday laid the foundation stone of a petrochemical complex and refinery expansion project at Bharat Petroleum's (BPCL) Bina refinery in Madhya Pradesh.

The refinery will be developed at a cost of about ₹49,000 crore, and will produce about 1,200 kilo tonne per annum of ethylene and propylene, which are components for sectors like textiles, packaging and pharma.

This will reduce the country's import dependence and will be a step towards fulfilling the PM's vision of 'Aatmanirbhar Bharat', the ministry of petroleum and natural gas said in a statement.

"It is our continuous effort that Madhya Pradesh reaches new heights of development, the life of every family in Madhya Pradesh becomes easy and every home brings prosperity," Modi said, as per the statement.