Bharat Petroleum Corporation Limited (BPCL)
BPCL Achieves Financial Closure for Bina Refinery Expansion cum Petrochemical Project January 17, 2025:- Bharat Petroleum Corporation Limited (BPCL), a Maharatna Energy Major, has achieved the financial closure for its Bina Refinery Expansion cum Petrochemical Project by signing a loan agreement of ₹31,802 crore with a consortium of six lenders led by the State Bank of India. The project, estimated to cost ₹48,926 crore, aims to set up a petrochemical complex comprising a 1.2 million metric tonnes per annum (MMTPA) ethylene cracker unit and increase the refinery's capacity from 7.8 MMTPA to 11 MMTPA. This expansion will enable BPCL to produce downstream petrochemical products such as Linear Low Density Polyethylene (LLDPE), High Density Polyethylene (HDPE), Polypropylene (PP) and other aromatics, thereby reducing India's dependence on imports. The project, which had its foundation stone laid by Hon'ble Prime Minister Shri Narendra Modi on September 15, 2023, is poised to c...