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BPCL plans to invest Rs 32,500 crore for capacity expansion

16 Apr 2013 Evaluate

State-run Bharat Petroleum Corporation (BPCL) is reportedly planning to expand its refining capacity from the current 30.5 million tonnes (mt) to 47.5 mt in the next three-four years. In this regard, the company will invest Rs 32,500 crore. Of total, the company will spend Rs 10,000 crore on its Numaligarh refinery to expand its capacity from 3 mt to 9 mt.

Further, the company will expand capacity of its Mumbai refinery from 12 mt to 14 mt through change of its crude oil distillation unit. The company’s Kochi refinery will expand from 9.5 mt to 15.5 mt at a capex of Rs 15,000 crore by December 2015 while, the Bina refinery at Madhya Pradesh will expand from 6 mt to 9 mt by de-bottlenecking at Rs 2,500 crore by the same period.

Peers
Company Name CMP
Reliance Industries 1184.00
Indian Oil Corpn. 132.00
Bharat PetroleumCorp 300.00
HPCL 349.05
MRPL 171.70
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