BPCL to invest Rs 20,000 crore in KRL expansion, Petro complex

KOCHI: Public sector BPCL will invest Rs 20,000 crore in Kerala for the expansion of its facility at Kochi Refinery and setting up a Petrochemcial complex, a top official today said.

The proposal is to expand the capacity of the KRL plant from 9.5 million tonnes per annum to 15.5 million tonnes per annum, BPCL Chairman and Managing Director R K Singh said at the ongoing 'Emerging Kerala' investors meet here.

BPCL would also be setting up a Petrochemical complex at nearby Ambalamugal.

The two projects are expected to be completed by December 2015, he said.

Several private investors have also evinced interest in various projects.

The RP Group of companies of prominent Non-Resident Keralite Ravi Pillai will be setting up a Rs 300 crore modern convention centre at Thiruvananthapuram with a capacity to accommodate 3,000 persons.

The Al Abeer Group based in the Gulf will be investing Rs 800 crore for setting up Edu city in health care at Malappuram, Group Chairman and Managing Director Mohammed Alungal said at the meet.