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BPCL, Kerala Govt ink agreement to set up plant in Kochi

04 May 2023 Evaluate

Bharat Petroleum Corporation (BPCL) and the Kerala government have entered into an in-principle agreement to set up a plant in Kochi to process waste and produce compressed biogas, nearly two months after the port city witnessed a massive fire at the Brahmapuram dump site, exposing an outdated waste management practice.

The plant will be constructed by BPCL on the land handed over by the government, and the company will also be responsible for maintaining the plant. The natural gas produced through waste treatment will be used for BPCL's operations. Along with this, the organic manure produced will be marketed.

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 1236.00
Indian Oil Corpn. 132.20
Bharat PetroleumCorp 299.00
HPCL 345.15
MRPL 166.95
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