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BPCL to double capacity of Bina refinery to 15 MT

15 Jan 2015 Evaluate

Bharat Petroleum Corporation (BPCL) plans to more than double capacity of its Bina refinery located in Madhya Pradesh state to 15 million tonnes (MT) at a cost of about Rs 23,000 crore.

The company and its partner Oman Oil Corporation will in phase-I raise the capacity of Bina refinery from 6 MT to 7.8 MT at a cost of Rs 3,500 crore by 2018. The capacity would be raised to 15 MT in the second phase at an additional investment of Rs 18,000-20,000 crore.

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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