Chief Minister Shri Shivraj Singh Chouhan was informed by M/s Bharat Oman Refineries Limited Chairman and Managing Director Arun Kumar Singh about the capital investment of about Rs. 45000 crore proposed by the company in Tehsil Bina of Sagar district.
Chouhan assured Singh of all possible cooperation by the state government.
Earlier Singh met Chouhan at the State Hangar on Tuesday.
The proposed capital investment by the company is on production of LLDPE, HDPE, Polypropylene, Bitfugin and Benzene etc.
This will provide direct employment to 1900 people in plant operation and indirect employment to 5000 people.
Apart from this, 10000 people will get employment in the construction work to be done for setting up the unit in 4-5 years and 50000 people will get employment in the industries to be set up in petro-chem cluster. The project is expected to be implemented by January 2025.
The specialty of capital investment is that M/s BPCL which is a Maharatna undertaking of the Government of India is setting up a subsidiary unit for the construction of a petrochemical complex at Bina.
Company’s Director Refineries Sanjay Khanna, Chief Executive Officer ARS Bhandari, Chief Financial Officer S. Radhakrishnan, General Manager Coordination Ashish Goel and Manager K.P. Mishra were present.
