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BPCL to invest Rs 1500-2000 crore in Bina refinery: Report

10 Oct 2013 Evaluate

State-run Bharat Petroleum Corporation (BPCL) is reportedly planning to invest Rs 1500-2000 crore in Bina refinery to expand its refining capacity from the current 6 million tonnes per annum (mtpa) to 8-8.5 mtpa. BPCL owns a 49 per cent stake in the Bina Refinery.

Further, the company is planning to launch an initial public offering (IPO) for its Bina refinery or Bharat Oman Refinery (BORL) in FY15.

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 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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