Bharat Petroleum has planned for an Rs50-60bn ($1.04-1.25bn) petrochemical project that will be linked with its Kochi refinery in southern India.
The petrochemical project will use feedstock from the expanded refinery, and is expected to be completed in the next five years.
Apart from the Kochi refinery expansion, Bharat Petroleum plans to add capacity at a joint venture grassroots refinery it commissioned earlier this year in Bina, Madhya Pradesh, and add capacity at its Mumbai refinery.
Kochi refinery expansion will increase capacity from 9.5 million tons per year to 15 million tons per year.
Bharat Petroleum currently operates the Mumbai refinerym, which has a capacity of 12 million tons per year, and the Kochi refinery, which has a capacity of 9.5 million tons per year.
Its subsidiary Numaligarh Refinery in Assam operates a 3 million tons per year facility.
