Bharat Petroleum Corporation (BPCL), a public sector undertaking will be investing around Rs 20,000 crore in Kerala state in a bid to expand its facility at Kochi Refinery and for setting up a Petrochemical complex.
The proposal is to expand the capacity of Refinery plant from 9.5 million tonnes per annum (MTPA) to 15.5 MTPA while it would be setting up a Petrochemical complex at nearby Ambalamugal. The company is expecting that both the projects would be completed by December 2015.
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.