In a bid to set up a new LPG pipeline from Kochi to Coimbatore and enhance the storage capacity at its Irumpanam facility, Bharat Petroleum Corporation (BPCL) is planning to invest Rs 900 crore.
Of total Rs 900 crore, the company will spend Rs 600 crore on 229 km LPG pipeline which will help in minimising the road transportation of gas and connect the company’s bottling plants in Palakkad and Coimbatore thereby improving the distribution network, while Rs 300 crore will be invested at its Irumpanam installation unit near the Kochi Refinery. The storage capacity at the facility is expected to increase to 8 million tonnes with the completion of the Integrated Refinery Expansion Project (IREP)
The funds for both these projects will be in addition to the Rs 14,225 crore investments set apart by the company for IREP, which envisaged increasing the refining capacity from the present 9.5 MMTPA to 15.5 MMTPA.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1365.10 |
| Indian Oil Corp. | 145.85 |
| BPCL | 312.05 |
| HPCL | 370.95 |
| MRPL | 183.20 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: