Oil pipeline between India and Bangladesh to operate from March 18

13 Mar 2023 CW Team

A K Abdul Momenon, Foreign Minister, Bangladesh, announced that Sheikh Hasina, Prime Minister, Bangladesh, and her Indian counterpart Narendra Modi will jointly open the first cross-border oil pipeline for the transfer of diesel to Bangladesh on March 18.

On March 18, two premiers will launch the pipeline via video conference.

The 130 km India-Bangladesh Friendship Pipeline (IBFPL), which was constructed for a cost of about Rs 3.46 billion and was funded by the Indian line of credit, would be used by India to export diesel.

The pipeline extends 125 km via Bangladesh and 5 km through India.

The two premiers used video conferencing to participate in the IBFPL's groundbreaking ceremony in September 2018.

Diesel had previously been imported to Bangladesh through trains from India.

India treated the Bangladeshi delegation with "great respect" throughout the G20 Foreign Ministers' Meeting, which was a reflection of the "good" bilateral ties between Dhaka and Delhi.

Also read:
Indian Oil eager to modify Haldia refinery into petrochemicals complex
GAIL to supply natural gas to Tata Steel Mining ltd

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..