BPCL to invest Rs 10,000 crore on expansion and upgradation of refining capacity.

In a bid to expand and upgrade its refining capacity and augment its marketing infrastructure, Bharat Petroleum Corporation (BPCL) is planning to spend about Rs 10,000 crore in FY17. An expansion underway at Kochi refinery will take about 40% of the BPCL’s planned capex for 2016-17. The refinery is adding 6 million tonne per annum (MTPA) to the existing capacity of 9.5 MTPA.
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.

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