Bharat Petroleum Corp (BPCL) is planning to fuel Rs 1,419 crore into its refinery project in Mumbai, Maharashtra.
The investment will be made for replacement of a crude processing unit, by May 2015. The refinery project, with 12 million tpa capacity, will have a new crude and vacuum distillation unit of six million tpa capacity, as a replacement of old crude and vacuum units. Old units will be disposed off post stabilisation of the new plant.
Besides, BPCL is expanding its Kochi refinery by establishing a new crude distillation unit (CDU) with a capacity of 10.5 million tpa so as to replace the old 4.5 million tpa CDU-1, which is not energy efficient. This will augment the capacity of the refinery from its existing 9.5 million tpa to 15.5 million tpa. The project is expected to be completed by May 2016.
Further, it is also looking forward to increasing the capacity of its Numaligarh refinery in Assam and the Bina refinery in Madhya Pradesh.
The Numaligarh refinery expansion project is on the drawing board with a plan to increase the capacity of the project from its existing three million tpa to nine million tpa. BPCL plans to augment the capacity of its Bina refinery from the existing six million tpa to eight million tpa, by 2016.