Bharat Petroleum Corporation (BPCL) will reportedly be investing over Rs 3,000 crore over the next year to upgrade its existing refining capacity to meet better fuel standards. The company also plans to add a Rs 600-crore gasoline treatment facility at the Mumbai refinery in order to produce fuel that complies with Bharat Stage (BS) VI norms. The funding for these two facilities are expected to come from internal accruals and debt.
By the end of this fiscal, BPCL expects to commission its expanded refining capacity of 15.5 million tonnes per annum (mtpa) at the Kochi refinery, from the current 9.5 mtpa.
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.