BPCL lines up Rs 18,000 crore for refinery expansion

BPCL is the third-largest crude refiner and marketer of petroleum products in India

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