BPCL board approves Rs 490 bn capex for Bina Refinery

19 May 2023 CW Team

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

Real Estate

30 May 2026

Hafele Installs Tallest Movable Wall In Goa

Hafele India has delivered the world’s tallest movable wall at the ONGC Convention & Exhibition Centre in Goa. The installation stands 22 metres high and spans 48.1 metres in width, marking a major engineering milestone for large-format convention spaces.The movable wall has been designed to support flexible space configuration and offers 57 dB sound insulation for improved acoustic performance. Built with 1,500 mm wide panels, the system enables smooth movement and seamless functionality across large spans.Frank Schloeder, Managing Director, Hafele South Asia, said the project reflects ..

Real Estate

30 May 2026

Listed Developers’ Pre-Sales Rise 18 Per Cent

The combined pre-sales revenue of India’s top 11 listed real estate developers rose 18 per cent to over Rs 1.48 lakh crore in FY26 from nearly Rs 1.26 lakh crore in FY25, according to ANAROCK Research.The analysis covered Godrej Properties, Prestige Estates, DLF, Lodha, Signature Global, Brigade Enterprises, Puravankara, Oberoi Realty, Kolte-Patil, Keystone and Sobha. Developers with stronger exposure to premium and luxury housing recorded higher growth, led by Prestige Estates at 76 per cent, followed by Puravankara at 48 per cent, Keystone at 33 per cent and Sobha at 30 per cent.ANAROCK sa..

Technology

30 May 2026

Autodesk To Acquire MaintainX For $3.6 Billion

Autodesk has signed a definitive agreement to acquire MaintainX, a maintenance and asset operations software company, in a deal valued at $3.6 billion. The acquisition will be funded through cash on hand and debt financing and is expected to close later this fiscal year.MaintainX is projected to exceed $135 million in annualised recurring revenue in 2026. Its mobile-first platform helps organisations manage assets, coordinate frontline workflows and track real-world operational data across global operations.Autodesk said the acquisition will support its broader move into connected operations b..