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.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Real Estate

01 Dec 2025

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Infrastructure Energy

03 Dec 2025

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..