Bharat Petroleum Corporation Ltd (BPCL) plans to invest in its Bina and Mumbai refineries. The company intends to issue letters of intent to M/s. Technip Energies Limited for multiple projects. These include an Engineering, Procurement, Construction and Commissioning (EPCC) package for Bina Refinery, with an estimated cash outflow of Rs.3600 crore, and Engineering, Procurement and Construction Management (EPCM) services for Mumbai Refinery projects, amounting to Rs.467 crore and Rs.50 crore.
Refinery Expansion Plans
Bharat Petroleum Corporation Ltd (BPCL) is moving forward with expansion and upgrade projects at its Bina and Mumbai refineries. On November 24, 2025, the company intends to issue letters of intent to M/s. Technip Energies Limited for the following key projects:
Bina Refinery Investment
BPCL will invest in an Engineering, Procurement, Construction and Commissioning (EPCC) package for the Polypropylene (PP) and Butene-1 unit at the Bina Refinery. This project is expected to result in an estimated cash outflow of Rs.3600 crore.
Mumbai Refinery Upgrades
The Mumbai Refinery will see two significant upgrades:
Engineering, Procurement and Construction Management (EPCM) services for the Petro Resid Fluidized Catalytic Cracking (PRFCC) Unit, with an estimated cash outflow of Rs.467 crore.
Engineering, Procurement and Construction Management (EPCM) services for the Hydrocracker Unit (HCU) revamp, with an estimated cash outflow of Rs.50 crore.
Ordinary Course of Business
BPCL states that all the above contracts are part of the ordinary course of business and capital expenditure. The company does not anticipate any significant price movement in its shares as a result of these developments.
Source: BSE
