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BPCL inks agreement to jointly set-up world’s largest refinery, petrochemical complex

15 Jun 2017 Evaluate

Bharat Petroleum Corporation (BPCL) has inked an agreement with Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOC) to jointly set up the world’s largest refinery and petrochemical complex at Ratnagiri district of Maharashtra at a cost of $40 billion. IOC will be the lead partner with 50% stake, while HPCL and BPCL will take 25% stake each.

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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