Bharat Petroleum Corporation Ltd (BPCL) is planning to invest ₹75,000 crore over the next five years to significantly enhance its refining and petrochemical capacities, announced Chairman G. Krishnakumar.
The investment is in addition to the ₹54,000 crore already committed in the previous fiscal year for new petrochemical projects in Bina (Madhya Pradesh) and Kochi (Kerala).
The Bina project will alone require ₹49,000 crore to boost the refinery’s capacity from 7.8 million metric tons per annum (mmtpa) to eleven mmtpa, ensuring sufficient supply for the new petrochemical plants.
Krishnakumar emphasized BPCL’s ambition to become a key player in India’s petrochemical sector. To meet future demand, the company is also evaluating opportunities to develop additional integrated refining and petrochemical facilities within the next 5-7 years.
The Kochi refinery will see a ₹5,000 crore investment for petrochemical enhancements, while ₹21,000 crore will be directed towards increasing other refinery capacities. With India’s energy demand steadily rising, the consumption of petroleum products is expected to grow by 4-5% annually, while petrochemical demand is forecasted to rise by 7-8%.
Beyond refining and petrochemical expansion, BPCL is also committing ₹10,000 crore to green energy initiatives. The company plans to develop 2 GW of renewable energy capacity by 2025 and ten GW by 2035, alongside green hydrogen projects aligned with the National Green Hydrogen Mission.
As reported by manufacturingtodayindia.com, the broad investment strategy aims to position BPCL to meet the growing energy needs of the country while advancing its sustainability objectives.
