Summary:

State-run Bharat Petroleum Corporation Ltd (BPCL) will invest US$ 8.95 billion (Rs. 75,000 crore) over the next 5 years to expand its refining and petrochemical capacities, according to Chairman G. Krishnakumar. At the annual general meeting, Krishnakumar outlined BPCL's ambition to become a major player in India's petrochemical sector. Last fiscal year, BPCL announced two new petrochemical projects in Bina and Kochi, with a total investment of US$ 6.44 billion (Rs. 54,000 crore).

The ethylene cracker project at Bina Refinery in Madhya Pradesh will increase petrochemical production capacity from 7.80 MMTPA to 11 MMTPA at a cost of US$ 5.85 billion (Rs. 49,000 crore). BPCL plans to further develop its refining and petrochemical capacity over the next 5-7 years. The company is also investing US$ 1.19 billion (Rs. 10,000 crore) in green energy, with goals of achieving 2 GW by 2025 and 10 GW by 2035, and advancing green hydrogen projects. Additionally, BPCL will expand its EV charging network to 7,000 stations.

Source: IBEF 

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