Board of BPCL approves three new project proposals on Monday

New Delhi: Maharatna Oil PSU BPCL said in a regulatory filing on Tuesday that the board of the PSU has approved three new project proposals in the meeting, which was held on Monday. The board has approved proposals for projects including, the "Ethylene Cracker Project at Bina Refinery including downstream Petrochemical Plants, and expansion of the Refinery with capital expenditure of approximately Rs 49,000 crore, setting up two 50 MW Wind power plants for captive consumption one at Bina Refinery in Madhya Pradesh and another at Mumbai Refinery in Maharashtra, with a total project cost of approximately Rs 978 crore (Rs 489 crore for each project) and putting up Petroleum Oil Lubricants (POL) and Lube Oil Base Stock (LOBS) storage installations with receipt pipelines at Rasayani in Maharashtra with a project cost of approximately Rs 1,903 crore."

Further, the filing noted that "the progress and completion of the above projects would depend on various factors including clearances from statutory authorities if required."

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