PM Modi to inaugurate/lay foundation of projects worth Rs 1.64 lakh crore on March 2

Prime Minister Narendra Modi will inaugurate/ lay foundation stone of projects worth Rs 1.64 lakh crore on Saturday, March 2, as per sources. Of the projects being inaugurated, 39 projects worth Rs 1.49 lakh crore will pertain to the petroleum sector, whereas projects worth Rs 9512 crore are related to fertilizer and projects worth Rs 4742 crore pertain to railways.

Sources also informed that a total of 29 projects in the petroleum sector built at a cost of approximately Rs 89 thousand crores will be inaugurated, and foundation stones for project/projects worth Rs 60,000 crore related to petroleum sector will also be laid.

PM to launch projects worth Rs 1.64 lakh crore from Bihar's Begusarai 

This will be PM's first visit to Bihar after Chief Minister Nitish Kumar joined hands with the BJP, and he will be launching projects worth nearly Rs 29,000 crore in the state.

The projects to be launched in Begusarai are related to multiple sectors including oil, gas, fertiliser and railways.

Official sources said the 39 of these projects, which will be either inaugurated or kick-started with the foundation laying ceremony, are in the oil and gas sector, and 10 in the railways. Six new trains will also be flagged off.

PM will also inaugurate the revived the Barauni fertiliser plant which will not only boost urea's domestic production but also generate employment opportunities, they added.

Important Projects Set To Be Inaugurated by PM Modi

- Crude production will begin from ONGC's KG-OWN/98/2

- HPCL's VISAKH Refinery Modernization Project will be inaugurated

- Mumbai High Redevelopment Project IV will be inaugurated

- ONGC Redevelopment Phase III Project will be inaugurated

- PM will lay the foundation stones for expansion plan of Barauni Refinery and Panipat Refinery.

- Inauguration of expansion of Naptha Cracker Plant in Panipat

- IOC's LanzaTech Gas Based Ethanol Plant will be inaugurated

- Inauguration of HURL Fertilizer Plant of Begusarai in Bihar, which will produce 12.7 LMT every year.

- PM Modi will also flag-off 6 new trains from Bihar