BPCL to Expand Bina Oil Refinery by 30 Percent

Published: 13th July 2015 10:49 AM  |   Last Updated: 13th July 2015 10:49 AM   |  A+A-

NEW DELHI: Bharat Petroleum Corp Ltd <BPCL.NS> plans to expand its Bina oil refinery in Madhya Pradesh by 30 percent to 156,000 barrels per day at a cost of about $472 million, its chairman S. Varadarajan told Reuters on Monday.

The expansion of the refinery, operated by a joint venture of BPCL and state-owned Oman Oil Co in Madhya Pradesh, will be completed by 2018, he said.

Oman Oil, which has a minority stake in the venture, is not participating in the 30 billion rupees expansion as of now, Varadarajan said.


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