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HomeIndiaBharat Petroleum gets Madhya Pradesh govt nod for refinery expansion

Bharat Petroleum gets Madhya Pradesh govt nod for refinery expansion

Bharat Petroleum will invest 430 billion rupees to 500 billion rupees for the two projects, adding that the petrochemical project would start production by fiscal year 2027-28.

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Bengaluru: Indian state-owned oil marketing company Bharat Petroleum Corporation Ltd on Friday said it had received approval from the Madhya Pradesh state government for expanding its Bina refinery and setting up a petrochemical project.

Bharat Petroleum will invest 430 billion rupees ($5.27 billion) to 500 billion rupees for the two projects, adding that the petrochemical project would start production by fiscal year 2027-28.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Devika Syamnath)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.


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