News On Projects
Products & Services
Projects Database
Tenders Database
E - Newsletter
EPXonline.com
Project Financing
Contracts & Awards
Energy
Electricity
Mining
Oil & Gas
Infrastructure
Airport
Port
Railway
Road
Freezone
Construction
Manufacturing
Cement
Engineering
Automobile
Plastic
Metal
Textile
Paper & Packaging
Leather
Sugar
Edible Oil
Electrical & Electro
Processing
Chemical
Drugs & Pharma
Fertiliser
I-C-T
Communication
IT
Telecom
Water
Pump Station
Water Treatment
Water Supply
Hospitality
Hotel
Restaurant
Resort
Entertainment
Sports
Multiplex
Theme Park
Food & Beverages
Hospital
Service
Social
Science
Irrigation
Government
Policy
Economic Indicators
Company News
Commerce
Miscellaneous
News Uploaded On : Monday, August 21, 2017 11:07:00 AM IND Back  |  Latest Projects  |  Latest Tenders
 
 E-mail this to a friend        Printable version       Story Viewed 7161 Times
BPCL lines up Rs. 18,000 crore for refinery expansion.
State-run Bharat Petroleum Corporation Ltd. (BPCL) is set to invest at least Rs. 18,000 crore on expansion of its refineries in the next five years, in order to add another 19 million tonne (mt) refining capacity.

This will be part of the company’s overall road map to spend Rs 1.08 lakh crore till 2021-22. "Including our subsidiaries, our refining capacity is somewhere about 31 mt, we are planning to move closer to 50 mt by somewhere around 2022. This will see an investment of approximately about Rs. 18,000 crore,".D Rajkumar, chairman and managing director of BPCL, told Business Standard.

As part of the expansion, the company is planning to have at least 15 mt capacity in each of its refineries, including Mumbai, Kochi and Bina (Madhya Pradesh). It also plans to expand capacity of the Numaligarh refinery in Assam from 3 mt to 9 mt per annum.

"The Rs 1.08-lakh-crore investment that we have lined up for the next five years include the expansion of our refineries, marketing sector and also our upstream presence," Rajkumar said. The company also has retail expansion plans of adding more than 1,000 outlets a year.

BPCL is the third-largest crude refiner and marketer of petroleum products in India. While it has more refining capacity than its close competitor Hindustan Petroleum Corporation Ltd. (HPCL), its retail outlets are lesser than it.

Of the total 59,595 fuel retail outlets in India, Indian Oil Corporation (IOC), HPCL and BPCL run more than 54,000. Of this, the share of BPCL comes to about 14,000.

BS

Post your comments:

Your name: *
E-Mail Id:
E-mail ID will not be published
Comment: *
Maximum 500 Characters
    
Related Stories
IOCL to pick up stake in Paradip Plastic Park.
Volkswagen China to invest $12 bn in new energy vehicles.
R S India invests Rs. 300 cr in Swiss quality & precision tech unit in Rajasthan.
Patanjali to set up food processing unit in Lakkampally SEZ.
EESL to float another tender by March-April.
Nokia to commence production of 5-G ready base stations from Chennai plant.
Apollo Tyres lines up Rs. 4,500-crore capex for next two years.
Tata Steel SEZ may get environment nod for Gopalpur by month-end.
Amara Raja Batteries eyeing to become Rs. 10,000-cr firm in next 3 yrs.
Omni Active Health to invest Rs. 150 cr in acquisitions over 3-4 years.
RELATED PROJECTS & TENDERS

Projects

... More projects

Tenders

Click here to view Tenders Database
ADVERTISEMENT
MOST POPULAR STORIES NOW
For all enquiries please contact
Tel: 022 - 25961254, 25960909
Mobile: 9821464666/09751178830
Mail: marketing@newsonprojects.com

OUR OTHER PRODUCTS & SERVICES:    Projects Database   |   Project e-Newsletter   |   Tenders Database   |   Commissioned Power Plants   |   Company Index
About Us   |   Contact Us   |   Terms of Use   |   Advertise with Us   |   Privacy Policy   |   Disclaimer   |   Feedback