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Bharat-Oman
Refinery at Bina begins commercial production Jan. 2011
Friday December 17, 2010 08:34:27 AM,
Pervez Bari, ummid.com
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Bhopal:
The ambitious Bina Project of Bharat-Oman Refinery Ltd. is all set
to go into commercial production from January 2011. The
construction work on this project is nearing completion. The
project involves an investment of Rs.10,300 crore.
Under the project, trial run of the production is being conducted
and in all probabilities, the Bina Refinery will go into
commercial production from next month. This information was given
at a meeting to review the progress of industrial investment
proposals here today. The Minister for Industries, Kailash
Vijayvargiya chaired the meeting.
Expressing satisfaction over the progress of implementation of
industrial investment proposals which came up during the different
Investors’ Meets, the Minister for Industries, Vijayvargiya
directed the concerning officers to speed up the pace of
implementation and to make constant monitoring as well.
According to an official spokesman, it was further informed at the
meeting that before the Khajuraho Summit-II in October this year,
a total of 333 MoUs were inked. Investment to the tune of Rs.
4,71,564 crores is proposed to be made through these MoUs.
Further, a total of 24 projects have started production and work
on another 18 projects is in different stages of advancements.
Also, a total of 53 projects are in the initial stage of
implementation. Besides, survey work on 127 projects is in
progress. The remaining MoUs have been cancelled for not going
operational.
The other important projects on which work has already been
launched include Smelter Project and Captive Power Plant to be
commissioned by the Hindalco Industries Ltd. in Singrauli at a
cost of Rs. 19,000 crores. The company has already acquired
private land measuring 2999 acres for the project.
The meeting also reviewed progress of the implementation of 110
MoUs involving estimated investment of Rs. 2,44,851 crores, which
were signed in the Khajuraho Summit-II. Of these, work on 74
projects has already begun at different levels, the spokesman
stated.
(pervezbari@eth.net)
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