BPCL may set up refining, petchem complex: Chairman

PTI

Updated At : 09:14 AM Aug 31, 2024 IST

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New Delhi, August 30

State-owned Bharat Petroleum Corporation Ltd (BPCL) is exploring setting up an oil refining and petrochemical complex over the next 5-7 years as it steps up capacity to meet India’s rising energy demand, chairman G Krishnakumar said on Friday.

BPCL, which lost one of its four oil refineries to Oil India Ltd in the aborted privatisation plan, has lined up Rs 1.7 lakh crore of investment for expanding its core oil refining and fuel retailing business as well as in new energy ventures.

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