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Mint
2 days ago
- Business
- Mint
PM Modi unveils ₹5,400 crore development projects in Bengal
Prime Minister Narendra Modi on Friday launched a slew of development projects worth ₹ 5,400 crore in West Bengal, unveiling major initiatives across the oil and gas, power, rail and road sectors aimed at boosting infrastructure, connectivity and clean energy in the region. Addressing a programme in the industrial town of Durgapur, Modi said the world today is discussing India's resolve to become a developed nation, and the ongoing transformation of the country's infrastructure is a key pillar of that vision. "Today, the entire world is discussing the resolve for a developed India. Behind this, there are changes visible in India, on which the edifice of a developed India is being built. A major aspect of these changes is India's infrastructure," the prime minister said. Reiterating his government's vision of 'One Nation, One Gas Grid', Modi said the Pradhan Mantri Urja Ganga project was conceptualised to ensure equitable energy access and spur industrial growth across eastern India. As part of the day's events, the PM laid the foundation stone for Bharat Petroleum Corporation Limited's (BPCL) ₹ 1,950-crore City Gas Distribution project in Bankura and Purulia districts. The project aims to supply piped natural gas (PNG) to households and industries, compressed natural gas (CNG) at retail outlets, and generate employment in the region. He also dedicated to the nation the ₹ 1,190-crore Durgapur–Kolkata section (132 km) of the Durgapur–Haldia Natural Gas Pipeline, laid under the Pradhan Mantri Urja Ganga (PMUG) initiative. Passing through Purba Bardhaman, Hooghly and Nadia districts, the pipeline is expected to benefit lakhs of people with a steady and clean supply of natural gas. Continuing the Centre's thrust on clean energy, Modi dedicated Flue Gas Desulphurisation (FGD) systems retrofitted at the Durgapur Steel and Raghunathpur Thermal Power Stations of Damodar Valley Corporation (DVC). Built at a combined cost of over ₹ 1,457 crore, the systems aim to curb industrial emissions and improve air quality in the region.
Time of India
2 days ago
- Business
- Time of India
PM Modi launches ₹5,400 crore development projects in West Bengal
Prime Minister (PM) Narendra Modi on Friday inaugurated and laid the foundation stone for several development projects worth ₹5,400 crore in Durgapur, West Bengal. These projects span sectors like oil & gas, power, road, and rail. 'The projects launched today will enhance connectivity in the region and boost gas-based transport and the gas-based economy and reinforce Durgapur's identity as a Steel City," he said, according to a press statement. Among the key projects, the PM laid the foundation stone for Bharat Petroleum Corp. Ltd (BPCL)'s City Gas Distribution (CGD) project in the Bankura and Purulia districts, valued at approximately ₹1,950 crore. This project aims to provide Piped Natural Gas (PNG) connections to households, commercial establishments, and industrial customers, while also establishing Compressed Natural Gas (CNG) retail outlets, thereby generating employment in the region. Further bolstering energy infrastructure, PM Modi launched the Durgapur to Kolkata section of the Durgapur-Haldia Natural Gas Pipeline, an integral part of the flagship Pradhan Mantri Urja Ganga (PMUG) Project. This crucial 132-kilometer pipeline, worth over ₹1,190 crore, traverses through Purba Bardhman, Hooghly, and Nadia districts. The Prime Minister said, 'the pipeline provided significant direct and indirect employment during its construction phase and will now facilitate the supply of natural gas to lakhs of households across the region.' All-round development In a push for cleaner energy production, PM Modi inaugurated Pollution Control Systems, specifically flue gas desulphurisation (FGD) units, at both the Durgapur Steel Thermal Power Station and Raghunathpur Thermal Power Station of Damodar Valley Corporation. These systems, developed at a cost of over ₹1,457 crore, are expected to drastically reduce emissions, supporting cleaner energy generation and creating employment opportunities within the region. For rail infrastructure, PM Modi announced the doubling of the 36-kilometer Purulia – Kotshila Rail Line in Purulia, an investment exceeding ₹390 crore. This project is vital for improving rail connectivity, linking industrial hubs like Jamshedpur, Bokaro, and Dhanbad with Ranchi and Kolkata. It is expected to facilitate more efficient movement of goods trains, reduce travel time, and significantly improve logistics for industries and businesses in the area. Additionally, he inaugurated two new Road Over Bridges (ROBs) constructed under the Setu Bharatam Programme , totaling over ₹380 crore. Located at Topsi and Pandabeshwar in Paschim Bardhaman, these ROBs are designed to enhance connectivity and prevent accidents at railway level crossings.
Mint
2 days ago
- Business
- Mint
PM Modi unveils ₹5,400 crore development projects in Bengal
Prime Minister Narendra Modi on Friday launched a slew of development projects worth ₹ 5,400 crore in West Bengal, unveiling major initiatives across the oil and gas, power, rail and road sectors aimed at boosting infrastructure, connectivity and clean energy in the region. Addressing a programme in the industrial town of Durgapur, Modi said the world today is discussing India's resolve to become a developed nation, and the ongoing transformation of the country's infrastructure is a key pillar of that vision. "Today, the entire world is discussing the resolve for a developed India. Behind this, there are changes visible in India, on which the edifice of a developed India is being built. A major aspect of these changes is India's infrastructure," the prime minister said. Reiterating his government's vision of 'One Nation, One Gas Grid', Modi said the Pradhan Mantri Urja Ganga project was conceptualised to ensure equitable energy access and spur industrial growth across eastern India. As part of the day's events, the PM laid the foundation stone for Bharat Petroleum Corporation Limited's (BPCL) ₹ 1,950-crore City Gas Distribution project in Bankura and Purulia districts. The project aims to supply piped natural gas (PNG) to households and industries, compressed natural gas (CNG) at retail outlets, and generate employment in the region. He also dedicated to the nation the ₹ 1,190-crore Durgapur–Kolkata section (132 km) of the Durgapur–Haldia Natural Gas Pipeline, laid under the Pradhan Mantri Urja Ganga (PMUG) initiative. Passing through Purba Bardhaman, Hooghly and Nadia districts, the pipeline is expected to benefit lakhs of people with a steady and clean supply of natural gas. Continuing the Centre's thrust on clean energy, Modi dedicated Flue Gas Desulphurisation (FGD) systems retrofitted at the Durgapur Steel and Raghunathpur Thermal Power Stations of Damodar Valley Corporation (DVC). Built at a combined cost of over ₹ 1,457 crore, the systems aim to curb industrial emissions and improve air quality in the region. In the rail sector, the Prime Minister inaugurated the doubling of the 36-km Purulia–Kotshila rail line, completed at a cost of over ₹ 390 crore.
Time of India
2 days ago
- Business
- Time of India
PM Modi inaugurates BPCL gas distribution project in West Bengal along with several other development projects
Prime Minister Narendra Modi on Friday laid the foundation stone and inaugurated multiple oil and gas, power, road and rail development projects worth over Rs 5000 crore at Durgapur. Prime Minister laid the foundation stone for Bharat Petroleum Corp. Ltd (BPCL) City Gas Distribution (CGD) project in Bankura and Purulia district of West Bengal worth around Rs 1,950 crore. This project will provide PNG connections to households, commercial establishments and industrial customers, and provide CNG at the retail outlets and also create employment opportunities in the region. Explore courses from Top Institutes in Select a Course Category MCA Others MBA Public Policy Leadership Cybersecurity Management healthcare CXO Data Analytics Project Management Degree Operations Management Technology PGDM Data Science Product Management Finance Data Science Digital Marketing Healthcare Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details PM Modi also launched Durgapur to Kolkata section of Durgapur-Haldia Natural Gas Pipeline, which has been laid as a part as Pradhan Mantri Urja Ganga (PMUG) Project. This project, worth over Rs 1,190 crore, is passing through the districts of Purba Bardhman, Hooghly and Nadia in West Bengal. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo The natural gas pipeline provided direct and indirect employment during its implementation phase and will now facilitate supply of natural gas to lakhs of households in the region, said PM Modi. The prime minister also inaugurated Pollution Control System-Flue Gas Desulphurization (FGD) of Durgapur Steel Thermal Power Station and Raghunathpur Thermal Power Station of Damodar Valley Corporation, worth over Rs 1,457 crore. It move aims to support cleaner energy production and creating employment opportunities in the region. Live Events For rail infrastructure in West Bengal, Modi announced doubling of Purulia – Kotshila Rail Line (36 KM) in Purulia worth over Rs 390 crore. It will improve rail connectivity between industries from Jamshedpur, Bokaro and Dhanbad with Ranchi and Kolkata and efficient movement of goods trains, reducing travel time and improving logistics for industries and businesses. PM Modi inaugurated two road over bridges (ROBs) constructed under Setu Bharatam Programme, worth over Rs 380 crore, at Topsi and Pandabeshwar in Paschim Bardhaman.
Business Upturn
2 days ago
- Business
- Business Upturn
IOCL and BPCL shares in focus after EU sanction include Rosneft refinery in India
Indian oil stocks like IOCL and BPCL came into sharp focus today after the European Union approved a fresh round of sanctions against Russia. What's catching attention this time is that the new package includes Rosneft's operations in India, potentially impacting crude sourcing and refinery operations linked to the Russian major. Rosneft, a key Russian oil company, has been a crucial supplier of discounted crude to Indian refiners over the past couple of years. Both Indian Oil Corporation (IOCL) and Bharat Petroleum (BPCL) have benefited from this stable and cost-effective supply chain. But with the EU now targeting Rosneft's overseas activities—including its involvement in India—investors are watching closely for any ripple effects. IOCL shares opened at ₹150.51 and touched a high of ₹151.61 during the session. The stock slipped to an intraday low of ₹148.60. It continues to trade in a broad range, with its 52-week high standing at ₹185.97 and the 52-week low at ₹110.72. On the other hand, BPCL shares traded between ₹342.10 and ₹351.45 today, opening at ₹347.50. The stock remains below its 52-week high of ₹376.00 but well above the 52-week low of ₹234.01. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
