Search:



The Web

Rediff








Home > Business > PTI > Report

BPCL plans Rs 1200 cr investment

July 28, 2004 16:45 IST

Bharat Petroleum Corp Ltd, which is expanding its Mumbai refinery to 12 million tonnes, will invest another Rs 1200 crore (Rs 12 billion) to produce auto fuel compliant with Euro-IV emission norms.

"The expansion of Mumbai refinery to 12 million tonnes from 8.76 million tonnes per annum by March 2005 will enable us to produce petrol and diesel compliant to Euro III fuel emission norms. Further we have planned an investment of Rs 1200 crore to produce Euro IV fuel," BPCL director (refineries) Mukesh Rohatgi told reporters in Mumbai.

He did not say by when the investments will be made. "We are in the process of finalising the project," he said.

BPCL is investing Rs 1,831 crore (Rs 18.31 billion) in expanding its Mumbai refinery to produce Euro III compliant diesel and another Rs 110 crore (Rs 1.10 billion) for producing cleaner petrol. It has lined up another Rs 318 crore (Rs 3.18 billion) in setting up a unit to produce base oil.

The expansion will happen simultaneously with its planned extension of the Mumbai-Manmad-Indore pipeline up to Delhi.

Rohatgi said the extension of the pipeline may entail an investment of Rs 750-800 crore (Rs 7.5-8 billion) and work on the project may start in few months from now. "It will take anything between 24 and 30 months to complete the pipeline expansion."



Article Tools
Email this article
Top emailed links
Print this article
Write us a letter
Discuss this article



Related Stories


GAIL plans Rs 4000 cr investment

Energy: Pre-Budget analysis

India's oil import bill up 15%








© Copyright 2004 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.











Copyright © 2004 rediff.com India Limited. All Rights Reserved.