BPCL board approves Rs 490 bn capex for Bina Refinery
POWER & RENEWABLE ENERGY

BPCL board approves Rs 490 bn capex for Bina Refinery

Bharat Petroleum Corporation (BPCL), a state-owned company, has received approval from its board for a major project at the Bina Refinery. The project, estimated to cost around Rs 490 billion, involves the construction of an ethylene cracker, as well as downstream petrochemical plants and the expansion of the existing refinery.

The centrepiece of the expansion initiatives is the Ethylene Cracker Project, which will facilitate the production of vital petrochemicals. It encompasses the establishment of an Ethylene Cracker Complex, downstream Petrochemical Plants, and the expansion of the current Refinery capacity from 7.8 MMTPA to 11 MMTPA, along with associated facilities at the Bina Refinery.

G Krishnakumar, C&MD of BPCL, expressed his enthusiasm for the project, stating that the company has entered the petrochemical industry with the Rs 49,000 Ethylene Cracker project at the Bina Refinery. He also mentioned the expansion of the Refining capacity to 11 MMTPA and the company's investments in Wind Energy and new age Petroleum Oil Lubricants installations.

Krishnakumar emphasised that these endeavours mark a significant milestone in BPCL's strategic pursuit of leading the way in meeting the increasing energy and petrochemical demands in India while fostering sustainability.

In addition to the ethylene cracker project, BPCL's board has approved the establishment of two 50 MW wind power plants for captive consumption. One will be located at the Bina refinery in Madhya Pradesh, while the other will be situated at the Mumbai refinery in Maharashtra. The total cost of these wind power plants is estimated to be around Rs 9.78 billion, with each project accounting for Rs 4.89 billion.

Furthermore, BPCL is making substantial investments in Petroleum Oil Lubricants (POL) and Lube Oil Base Stock (LOBS) installations, including receipt pipelines, at Rasayani in Maharashtra. This project, with an approximate cost of Rs 27.53 billion, aims to enhance storage capacity, streamline the supply chain, and optimise the distribution of essential petroleum products.

BPCL emphasised that these expansion projects align with its vision to diversify and expand into related and alternative sectors, creating additional revenue streams and fostering a cleaner environment. The company aims to achieve its Net Zero targets in Scope 1 and Scope 2 emissions by building its renewable energy portfolio.

Also read:
GAIL to build Maharashtra ethane cracker at Rs 400 bn
Noida, Greater Noida to set up waste-to-energy plant


Bharat Petroleum Corporation (BPCL), a state-owned company, has received approval from its board for a major project at the Bina Refinery. The project, estimated to cost around Rs 490 billion, involves the construction of an ethylene cracker, as well as downstream petrochemical plants and the expansion of the existing refinery. The centrepiece of the expansion initiatives is the Ethylene Cracker Project, which will facilitate the production of vital petrochemicals. It encompasses the establishment of an Ethylene Cracker Complex, downstream Petrochemical Plants, and the expansion of the current Refinery capacity from 7.8 MMTPA to 11 MMTPA, along with associated facilities at the Bina Refinery. G Krishnakumar, C&MD of BPCL, expressed his enthusiasm for the project, stating that the company has entered the petrochemical industry with the Rs 49,000 Ethylene Cracker project at the Bina Refinery. He also mentioned the expansion of the Refining capacity to 11 MMTPA and the company's investments in Wind Energy and new age Petroleum Oil Lubricants installations. Krishnakumar emphasised that these endeavours mark a significant milestone in BPCL's strategic pursuit of leading the way in meeting the increasing energy and petrochemical demands in India while fostering sustainability. In addition to the ethylene cracker project, BPCL's board has approved the establishment of two 50 MW wind power plants for captive consumption. One will be located at the Bina refinery in Madhya Pradesh, while the other will be situated at the Mumbai refinery in Maharashtra. The total cost of these wind power plants is estimated to be around Rs 9.78 billion, with each project accounting for Rs 4.89 billion. Furthermore, BPCL is making substantial investments in Petroleum Oil Lubricants (POL) and Lube Oil Base Stock (LOBS) installations, including receipt pipelines, at Rasayani in Maharashtra. This project, with an approximate cost of Rs 27.53 billion, aims to enhance storage capacity, streamline the supply chain, and optimise the distribution of essential petroleum products. BPCL emphasised that these expansion projects align with its vision to diversify and expand into related and alternative sectors, creating additional revenue streams and fostering a cleaner environment. The company aims to achieve its Net Zero targets in Scope 1 and Scope 2 emissions by building its renewable energy portfolio. Also read: GAIL to build Maharashtra ethane cracker at Rs 400 bn Noida, Greater Noida to set up waste-to-energy plant

Next Story
Infrastructure Energy

SJVN Green Adds 100 MW Solar Capacity in Bikaner

SJVN Green Energy Ltd (SGEL), a wholly owned subsidiary of SJVN, has commenced commercial operations of an additional 100.02 MW from its 1,000 MW solar power project in Bikaner, Rajasthan. With this, the total commercially operational capacity at the site now stands at 501.02 MW.In a regulatory filing on Monday, SJVN confirmed that the newly added capacity became operational on 30 June 2025. The balance capacity is expected to be commissioned in the near future, progressively bringing the entire 1,000 MW project online.The Bikaner solar project is one of SGEL’s key renewable energy initiativ..

Next Story
Infrastructure Urban

India, RAK Mull Long Term Deal For Limestone And Green Steel

Union Steel Minister H D Kumaraswamy met Ras Al Khaimah (RAK) ruler Saud Bin Saqr Al Qasimi in Dubai to discuss securing long term access to low silica limestone from the UAE and collaborating on green steel production. The talks coincided with the Minister’s inauguration of new overseas offices for state owned engineering firm MECON and miner NMDC.Both sides examined opportunities in green hydrogen, value added steel exports from India, and setting up calcined lime plants in RAK that would use the emirate’s limestone and natural gas. Kumaraswamy invited RAK to join Indian ..

Next Story
Real Estate

Mahindra Lifespace Buys 9 Acre Plot in Bengaluru for Rs 2 Bn

Mahindra Lifespace Developers Ltd has purchased Shreyas Stones Pvt Ltd, which owns an 8.79 acre parcel at Navaratna Agrahara in North Bengaluru, for approximately Rs 2.0 billion. The share purchase agreement transfers one hundred per cent of SSPL’s equity—10,000 shares of Rs 10 each—to Mahindra Lifespace.The site will be integrated with an adjacent Mahindra holding, creating a unified premium housing scheme with a projected gross development value of about Rs 21.0 billion. On its own, the newly acquired plot is expected to generate roughly Rs 11.0 billion in sales..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?