Bharat Petroleum Corporation (BPCL) is reportedly planning to raise Rs 4,000 crore for the expansion of its Kochi refinery and to fund its petrochemicals venture. State Bank of India has received the mandate to raise funds. The company is in the process of increasing the refining capacity of Kochi refinery from 9.5 million tonne per annum to 15.5 million tonne per annum under IREP project and improves the auto-fuel quality to Euro-IV/V levels to meet the growing demand of petroleum products in Indian market. The company will invest around Rs 14,225 crore in its expansion at the Kochi refinery and Rs 5,000 crore for setting up a petrochemical joint venture.
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.
Company Name | CMP |
---|---|
Reliance Industries | 2871.00 |
Indian Oil Corp. | 164.05 |
BPCL | 628.45 |
HPCL | 506.30 |
MRPL | 209.30 |
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