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BPCL plans to expand Numaligarh refinery in Assam

27 Jan 2014 Evaluate

In a bid to expand its Numaligarh refinery in Assam by 2017-18, Bharat Petroleum Corporation (BPCL) is planning to invest Rs 13,000 crore. The company will expand the Numaligarh refinery to 9 million tones (mt) from the current 3 mt.

In this regard, the company is drawing-board stage for the expansion. Moreover, the company needs tax concessions both from the central and state governments to make the expansion economically viable.

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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