Key Takeaways
- The Madhya Pradesh government will receive projects worth over Rs 50,700 crore, boosting regional growth.
- PM Modi inaugurated a petrochemical complex at the Bina Refinery, marking a major industrial milestone.
- The refinery expansion, costing Rs 49,000 crore, will produce 1,200 KTPA of ethylene and propylene, creating jobs and reducing import dependence.
On Thursday, September 14, Prime Minister Narendra Modi, on his visit to the poll-bound state of Madhya Pradesh, laid the cornerstone of projects worth more than Rs 50,700 crores across the state. The projects include a ‘Petrochemical Complex’ at the Bina Refinery, and 10 new industrial projects all over the state.
The Bina Refinery of the Bharat Petroleum Corporation Limited (BPCL) has seen the foundation stone of the petrochemical complex laid.
It is a state‑of‑the‑art refinery that will be developed at a cost of about Rs 49,000 crore. The facility aims to produce around 1,200 KTPA of ethylene and propylene, crucial for sectors such as textiles, packaging, and pharma.
This mega-project will increase employment and will act as a catalyst for the development of downstream industries in the petroleum sector, along with decreasing the country’s import dependence.
