Hon’ble Prime Minister Shri Narendra Modi lays the Foundation Stone of LPG Plant with Rail Unloading Facility at Hathua, Dist. Gopalganj, Bihar
The project, with a budget of 340.15 Crore and a projected completion date of March 31, 2027, will establish a state-of-the-art facility capable of processing 180 TMTPA of LPG.
Prime Minister Narendra Modi's groundbreaking ceremony for the LPG Bottling Plant and Rail Unloading Facility in Hathua, Gopalganj, Bihar, marks a significant step towards bolstering energy infrastructure in the region. The project, with a budget of 340.15 Crore and a projected completion date of March 31, 2027, will establish a state-of-the-art facility capable of processing 180 Thousand Metric Tons Per Annum (TMTPA) of LPG. This infrastructure includes a dedicated railway unloading siding, Mounded Storage Vessels (MSV) for secure storage, and a 2x24 station electronic carousel, ensuring efficient and streamlined operations.
The benefits of this project extend far beyond mere infrastructure development. It directly addresses the increasing demand for LPG in North-West and North-Central Bihar, ensuring a stable and reliable supply for both domestic and commercial needs. Furthermore, the construction phase is anticipated to generate approximately 1.2 lakh man-days of employment, boosting the local economy. Upon completion, the plant will significantly improve the quality of life for residents by ensuring consistent access to essential fuel.
Beyond economic and social benefits, the project also prioritises environmental sustainability. The shift to rail transport for LPG delivery will significantly reduce carbon emissions associated with road transport. Additionally, the implementation of Vapour Recovery processes will further minimise carbon emissions, with an estimated annual reduction of approximately 11,000 MT Co2e GHG emissions, equivalent to planting 5 lakh trees. This initiative aligns with India's broader commitment to sustainable development and environmental stewardship, while simultaneously enhancing energy security in the region.
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About the Company
Bharat Petroleum Corporation Ltd. (BPCL), a Fortune Global 500 company and the second-largest Indian Oil Marketing Company, is a Maharatna status integrated energy company involved in refining crude oil and marketing petroleum products across the upstream and downstream sectors. As of August 31, 2024, BPCL boasts a combined refining capacity of 35.3 MMTPA across its Mumbai, Kochi, and Bina refineries, supported by an extensive marketing and distribution network including over 23,000 fuel stations and 6,250 LPG distributorships. Committed to sustainability, BPCL aims to become a Net Zero Energy Company by 2040 for Scope 1 and 2 emissions and plans to establish EV charging stations at around 7,000 fuel stations in the next five years, while also actively engaging in community development initiatives aligned with its core purpose of 'Energising Lives' and its vision to be an admired global energy company.
The company has a market cap of Rs 1.28 lakh crore and the President of India owns a 52.98 per cent stake in the company. The company has been maintaining a healthy dividend payout of 34.2 per cent and has delivered good profit growth of 28.2 per cent CAGR over the last 5 years. The stock is up by 30 per cent from its 52-week low of Rs 234.15 per share. Investors should keep an eye on this multibagger Large-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.