Bharat Petroleum Corporations’ (BPCL) board has approved an investment of Rs 11,130 crore for setting up a petrochemical unit at its Kochi refinery in Kerala. The Board of Directors of the company at their meeting held on September 28, 2018, approved the same.
The company’s Kochi refinery at its recent expansion to 15.5 million tonnes per annum capacity produces 5,00,000 tonnes of polymer grade propylene. Half of this propylene is utilised for manufacturing of niche/specialty petrochemicals like acrylic acid, oxo alcohol and acrylates, which find applications in areas like paints and coatings, adhesives and solvents.
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.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1437.85 |
| Indian Oil Corp. | 148.15 |
| BPCL | 314.15 |
| HPCL | 399.40 |
| MRPL | 156.85 |
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