Bharat Petroleum Corporation (BPCL) is in talks with foreign companies to sell a 24% stake in its 120,000 barrels per day Bina refinery in Madhya Pradesh, which is jointly owned by BPCL and Oman's state oil firm. The company wants to boost the capacity of the refinery by about 30%.
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.