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BPCL plans to invest Rs 1,419 crore in Mumbai refinery

06 May 2014 Evaluate

Bharat Petroleum Corporation  (BPCL) is planning to invest Rs 1,419 crore in replacing an old crude processing unit at its 12 million tons a year Mumbai refinery by May 2015. The company is also planning to install a new crude and vacuum distillation unit of 6 million tons per annum capacity as a replacement of old crude and vacuum units. Old units will be disposed off post stabilization of the new plant.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.

Peers
Company Name CMP
Reliance Industries 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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