PM Modi Set to Unveil Rs 1.5 Lakh-Cr Mega Bonanza for Petroleum Sector on March 2

Brief by Shorts91 Newsdesk / 06:13pm on 28 Feb 2024,Wednesday India

Prime Minister Narendra Modi is poised to reveal a substantial Rs 1.5 lakh-crore boost for the petroleum sector in Bihar's Begusarai on March 2. The mega projects, totaling Rs 1.62 lakh crore across energy, fertilizers, infrastructure, and rail connectivity, aim to bolster economic growth and citizens' quality of life. The petroleum sector initiatives include 39 projects, with significant funding for the Krishna Godavari Basin project and Visakh Refinery Modernization. This infusion is expected to revolutionize the industry, enhancing infrastructure, production capacities, and energy distribution efficiency, while reducing import dependency and advancing environmental sustainability.

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