After cross-country electricity grid, it is time for cross-country oil pipeline between India and Bangladesh. The Prime Minister may flag off the construction of the 136-km pipeline to carry diesel from Siliguri in West Bengal to Parbatipur in Dinajpur district of North Bangladesh.
The two countries entered into an agreement for the pipeline construction early this year.
The 6-km Indian leg of the 1 million tonne capacity pipeline will be financed by the Assam-based Numaligarh Refinery, a BPCL subsidiary. The remaining 130 km of the pipeline will be in Bangladesh and is financed through India’s ongoing development cooperation programme. The total cost of the pipeline is pegged at ₹360 crore.
Depending on the availability of the right of way in Bangladesh, the pipeline is scheduled to be completed in 27 months. The project will replace the existing practice of sending diesel by rail, covering a distance of 510 km. Read more
Latest posts by The Hindu Businessline (see all)
- Slowing demand, lull in global economy may exert pressure on crude prices - March 25, 2019
- IRSDC to categorise railway stations for redevelopment and modernisation - March 25, 2019
- NTPC leads stocks in power sector - March 23, 2019