BPCL halts Kochi polyol plant ops

21 Jan 2021 CW Staff

The project is to be built on 170 acres of land adjoining the refinery that was acquired by BPCL from Fertilisers and Chemicals Travancore Ltd (FACT), also a central PSU. It was put in motion in January 2019.

After completing land levelling work for erecting the plant, BPCL halted the construction of a road underpass to link the project site with the refinery, sources in the Kochi refinery said.

The licensor selection process for sourcing technology for the polyol plant has also been frozen.

Sources said all project-related activities have been halted. The BPCL management feels that given the huge investment involved, it would be appropriate to move ahead with the project only with the consent of the company's private owner following strategic disinvestment, said sources.

The polyol plant's uncertainty has cast a shadow over the petrochemical park planned by the Kerala government where small industries will manufacture products utilising niche/speciality petrochemicals sourced from the polyol plant and the Propylene Derivatives Petrochemical Project (PDPP).

The BPCL-built PDPP with an investment of Rs 75,246 crore, is expected to be commissioned by February end.

Other projects

The centre's decision to transfer 170 acres of land belonging to FACT to BPCL with Kerala government's approval for building the polyol plant, has also come under criticism as the land will pass on to private hands following disinvestment.

BPCL has also halted work on a skill development centre for training students passing out of the ITI at Ettumanoor near Kochi. The state had offered eight acres of land at ITI for a centre that planned to train 1,500 students a year.

Kerala government officials took an anti-privatisation stance and said that BPCL should not be privatised, in the interests of the state's development.

Indian public sector oil and gas company Bharat Petroleum Corporation Ltd (BPCL) has halted a planned speciality petrochemicals plant for producing polyols at its Kochi refinery as the state-run firm prefers to wait for the outcome of the privatisation bid currently underway before proceeding on the Rs 11,130 crore project.The project is to be built on 170 acres of land adjoining the refinery that was acquired by BPCL from Fertilisers and Chemicals Travancore Ltd (FACT), also a central PSU. It was put in motion in January 2019. After completing land levelling work for erecting the plant, BPCL halted the construction of a road underpass to link the project site with the refinery, sources in the Kochi refinery said. The licensor selection process for sourcing technology for the polyol plant has also been frozen. Sources said all project-related activities have been halted. The BPCL management feels that given the huge investment involved, it would be appropriate to move ahead with the project only with the consent of the company's private owner following strategic disinvestment, said sources. The polyol plant's uncertainty has cast a shadow over the petrochemical park planned by the Kerala government where small industries will manufacture products utilising niche/speciality petrochemicals sourced from the polyol plant and the Propylene Derivatives Petrochemical Project (PDPP). The BPCL-built PDPP with an investment of Rs 75,246 crore, is expected to be commissioned by February end. Other projects The centre's decision to transfer 170 acres of land belonging to FACT to BPCL with Kerala government's approval for building the polyol plant, has also come under criticism as the land will pass on to private hands following disinvestment. BPCL has also halted work on a skill development centre for training students passing out of the ITI at Ettumanoor near Kochi. The state had offered eight acres of land at ITI for a centre that planned to train 1,500 students a year. Kerala government officials took an anti-privatisation stance and said that BPCL should not be privatised, in the interests of the state's development.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..