BPCL to invest Rs 45,000 crore in 5 yrs on expansion

TIRUCHIRAPPALLI: Bharat Petroleum Corporation (BPCL) today said it would invest Rs 45,000 crore in the next five years for expansion and building up of capacity.

Talking to PTI here, BPCL Director HR Shrikant P Gathoo said this would include massive expansion of Kochi refineries.

Similarly, Numaligarh Refineries in Assam would also be expanded for additional network of retail outlets, he said.

Bina Refineries company, promoted by BPCL and Oman Oil Company, is setting up a six million tonne per month capacity grass root refinery at Bina in Sagar district of Madhya Pradesh.

Crude Oil storage terminal at Vadinar Gujarat, which is connected to crude pipe line cutting across the country at a length of 935 KM, would also be strengthened, he said.

In addition, Mumbai refinery, the flagship refinery of BPCL, will also be expanded and modernised with additional infrastructure. At present, it is processing 12 million tonnes of crude per annum.

Gathoo, who was here to address a meeting at Indian Institute of Management, Tiruchirappalli, said at present there are 13,460 personnel working with BPCL.