Bharat Petroleum Corporation (BPCL) is planning to expand its refinery projects in various states across the country.

BPCL plans to invest Rs 32,500 crore for its proposed capex plan to refining capacity from the current 30.5 million tonne to 47.5 million tonne in the next three-four years.

BPCL will invest Rs 10,000 crore in its Numaligarh refinery to increase its capacity from three million tonne to nine million tonne. In Numaligarh refinery BPCL holds 61.65 per cent and Assam government holds 12.35 per cent while Oil India holds the rest. BPCL also plans to increase the capacity of Mumbai refinery from 12 million tonne to 14 million tonne through change of its crude oil distillation unit.

Meanwhile, BPCL will invest Rs 15,000 crore on Kochi refinery to expand its capacity from current 9.5 million tonne to 15.5 million tonne by December 2015. The expansion plan will involve improvement in the Nelson Complexity from 6.5 million tonne to 9.5 million tonne.

BPCL also plans to invest Rs 2,500 crore in Bina refinery at Madhya Pradesh to increase its capacity from six million tonne to nine million tonne. BPCL owns a 49 per cent stake in the Bina Refinery. Currently, Bina refinery is operating at 110-per cent capacity utilisation, with gross refining margin of $8-10 per barrel.

Currently, BPCL is drilling in Mozambique and Brazil. The development capex in Mozambique is around $20 billion (approx Rs 1090.80 crore) for the first two trains and its share of 10 per cent comes to around $2 billion (approx Rs 109.80 crore).