State-owned Bharat Petroleum Corporation (BPCL) has signed a ₹31,802-crore loan agreement with a State Bank of India-led consortium to finance the expansion of its refinery and setting up of a petrochemical complex in Bina, Madhya Pradesh.
Punjab National Bank, Union Bank of India, Canara Bank, Bank of India and Export Import Bank of India are other members of the consortium that will provide project finance term loan facility.
BPCL’s proposed petrochemical complex is for producing downstream polymers/products like Linear Low Density Polyethylene (LLDPE), High Density Polyethylene (HDPE), Polypropylene (PP), Benzene, Toluene and Mixed Xylene. Another component of the project is the brownfield expansion of its refinery capacity from 7.8 million tonne per annum to 11 MTPA, to primarily cater to the feed requirements of petrochemical plants.
Published – January 16, 2025 11:35 pm IST
