BPCL Board okays Rs 1,138-cr investment for augmentation of CCKPL, IDPL pipelines

New Delhi: The Board of Directors of Bharat Petroleum Corporation Limited (BPCL) has approved the augmentation of the Cochin Coimbatore Karur Pipeline (CCKPL) and Irugur Devangonthi Pipeline (IDPL), along with the setting up of Palakkad TOP in Kerala, at a cost of Rs 1,138 crore, said the company in a regulatory filing on Thursday. India’s second-largest, state-run oil marketing company said that the augmentation of pipeline capacity has been planned to facilitate the evacuation of finished petroleum products from its Kochi refinery.

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“In terms of Regulation 30(4) of SEBI (Listing Regulations & Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors at its meeting held on 12th September, 2024 has approved augmentation of Cochin Coimbatore Karur Pipeline (CCKPL) and Irugur Devangonthi Pipeline (IDPL) along with setting up of Palakkad TOP Kerala,” said BPCL.

BPCL to augment CCKPL & IDPL pipeline capacity

The existing capacity of CCKPL pipeline is 3.3 MMTPA and its utilisation has risen to 125 percent, said BPCL. Therefore, the company is planning to expand its capacity by 3.7 MMTPA. The IDPL pipeline is currently under construction and was initially slated to have a capacity of 2.4 MMTPA. Now the Board of Directors has approved expanding its capacity by an additional 1.1 MMTPA. These projects, along with the setting up of a TOP in Palakkad, will entail an investment of Rs 1,138 crore and will be funded internally. BPCL said that these projects have been planned “to facilitate efficient evacuation of finished petroleum product ex BPCL Kochi Refinery.”

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