The Bharat Petroleum Corporation's (BPCL) Board has approved proposals for three projects totalling Rs 51,881 crore, which are to be deployed at refineries in Maharashtra and Madhya Pradesh respectively.

The ethylene cracker project at Bina refinery in Madhya Pradesh including the downstream petrochemical plants and expansion of the refinery involves a capex of approx. Rs 49,000 crore.

A project comprising petroleum oil lubricants (POL) and lube oil base stock (LOBS) storage installations, along with receipt pipelines at Rasayani in Maharashtra, entails an estimated cost of Rs 1,903 crore.

Another proposal is for setting up two 50 MW wind power plants, one at Bina refinery in Madhya Pradesh, and another at Mumbai refinery in Maharashtra. The project is for captive use, with a total project cost of about Rs 978 crore, which comes to Rs 489 crore for each project.

The above projects will be taken forward and completed, subject to the fulfilment of various factors including statutory clearances, if required.