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.