Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 19 2018

Bharat Petroleum looks to invest Rs 1 lakh crore over 5 years for expansion

The company will use the investment for refinery upgradation, marketing infrastructure, petrochemicals production and city-gas distribution.

Bharat Petroleum Corporation Ltd is looking to invest Rs 1 lakh crore over the next five years for expansion. The company will use the investment for refinery upgradation, marketing infrastructure, petrochemicals production and city-gas distribution.

D Rajkumar, Chairman and Managing Director of Bharat Petroleum Corporation, said, "This will help the company expand its refining capacity to 50 million metric tonnes in five years and gas production to 5 million metric tonnes in four years."

As of March 2018, Bharat Petroleum’s group refineries have processed the total crude oil of 31.35 million metric tonnes. The company’s gas production stood at 1.87 million metric tonnes.

The state-run oil marketer is planning to spend Rs 7,400 crore in the ongoing financial year. Rajkumar said, "This is for the ongoing projects, especially for the Kochi and Mumbai refineries as well as some marketing projects."

The company is further looking to upgrade its Mumbai refinery from 12 million metric tonnes per annum to 14 million metric tonnes per annum. Besides, it plans to expand the capacity of its Assam-based Numaligarh refinery from 3 million metric tonnes per annum to 9 million metric tonnes per annum.

In the coming years, Bharat Petroleum will also expand the capacity of Bina refinery to 15.5 million metric tonnes per annum.

Comment
Related opportunities
  • Preschools
    About Us: NO REVENUE SHARING MODEL, LOW INVETSMENT AND RISK, HIGH..
    Locations looking for expansion Haryana
    Establishment year 2010
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Ice creams & Yogurt Parlors
    About Us: Makers of Milkshakes thrives on the cravings of the..
    Locations looking for expansion Telangana
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Telangana
  • Quick Service Restaurants
    About Us: Waffle wallah is an innovative and popular QSR chain,..
    Locations looking for expansion West bengal
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 64
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Saltlake West bengal
  • Competitive Exam Coaching Institute
    About Us: CAD DESK is a leading training network of India..
    Locations looking for expansion Delhi
    Establishment year 2007
    Franchising Launch Date 2007
    Investment size Rs. 10lac - 20lac
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities