Bharat Petroleum Gets Approval for Refinery Expansion

Indian state-owned oil marketing company Bharat Petroleum Corporation Ltd (BPCL.NS) on Friday said it had received approval from the Madhya Pradesh state government for expanding its Bina refinery and setting up a petrochemical project.

Bharat Petroleum will invest 430 billion rupees ($5.27 billion) to 500 billion rupees for the two projects, adding that the petrochemical project would start production by fiscal year 2027-28.

(Reporting by Nandan Mandayam; Editing by Devika Syamnath)