India-Bangladesh Friendship Pipeline likely to be launched in 2022

24 Dec 2021 CW Team

The India-Bangladesh Friendship Pipeline Project (IBFPP) worth Rs 346 crore, inked in 2018, will link Siliguri in West Bengal in India and Parbatipur in Dinajpur district of Bangladesh. The 130 km oil pipeline capacity will be one million metric tonnes per annum.

The IBFPP will ship fuel from Assam-based Numaligarh Refinery Limited (NRL) through the Siliguri Marketing Terminal to Bangladesh.

Shringla said that there has been a constant growth in bilateral trade between the two nations. Last year, there was a year on year growth of 14%, which is a very promising figure to achieve.

Bangladesh’s exports to India touched the billion-dollar mark and it continues to grow on a regular basis, he said, adding that the two sides are additionally in discussions for a Comprehensive Economic Partnership Agreement. He said that there has been a good improvement on lines of credit.

Bangladesh estimates for nearly a third of India's lines of credit; $10 billion is what India has given to Bangladesh in highly concessional credit terms. These lines of credit have added to improving their connectivity, developing infrastructure, not just in the border but in various parts of Bangladesh.

He said that connectivity constitutes an essential pillar of India-Bangladesh relations, as per a press release issued by Rashtrapati Bhavan.

President Kovind told the media that the two nations have much to achieve from their geographical proximity. He stated that there is a lot of scope in partnering in areas like space, nuclear technology, defence, pharmaceuticals and other advanced science and technology fields.

He said a formal ‘Comprehensive Economic Partnership Agreement’ would provide a vital boost to two-way trade.

Image Source

Foreign Secretary Harsh Vardhan Shringla told the media that the work on the India-Bangladesh Friendship Pipeline, a project that will allow the two nations to combine their energy requirements, is likely to be inaugurated in 2022. The India-Bangladesh Friendship Pipeline Project (IBFPP) worth Rs 346 crore, inked in 2018, will link Siliguri in West Bengal in India and Parbatipur in Dinajpur district of Bangladesh. The 130 km oil pipeline capacity will be one million metric tonnes per annum. The IBFPP will ship fuel from Assam-based Numaligarh Refinery Limited (NRL) through the Siliguri Marketing Terminal to Bangladesh. Shringla said that there has been a constant growth in bilateral trade between the two nations. Last year, there was a year on year growth of 14%, which is a very promising figure to achieve. Bangladesh’s exports to India touched the billion-dollar mark and it continues to grow on a regular basis, he said, adding that the two sides are additionally in discussions for a Comprehensive Economic Partnership Agreement. He said that there has been a good improvement on lines of credit. Bangladesh estimates for nearly a third of India's lines of credit; $10 billion is what India has given to Bangladesh in highly concessional credit terms. These lines of credit have added to improving their connectivity, developing infrastructure, not just in the border but in various parts of Bangladesh. He said that connectivity constitutes an essential pillar of India-Bangladesh relations, as per a press release issued by Rashtrapati Bhavan. President Kovind told the media that the two nations have much to achieve from their geographical proximity. He stated that there is a lot of scope in partnering in areas like space, nuclear technology, defence, pharmaceuticals and other advanced science and technology fields. He said a formal ‘Comprehensive Economic Partnership Agreement’ would provide a vital boost to two-way trade. Image Source

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..