Bharat Oman Refineries Limited (BORL), which amalgamated with state-owned Bharat Petroleum Corporation Limited (BPCL) last month, would invest Rs 450 billion in Madhya Pradesh.
Chief Minister Shivraj Singh Chouhan was called on by BPCL Chairman and Managing Director Arun Kumar Singh today. During discussion, Singh informed the Madhya Pradesh Chief Minister about the capital investment of about Rs 450 billion proposed by the company in Tehsil Bina of Sagar district.
BORL owns and operates Bina Refinery located in Bina-Etawa district of Madhya Pradesh. The company was incorporated as a joint venture between BPCL and Oman Oil Company Ltd. Since 2021, it is a wholly owned subsidiary of BPCL. The Bina Refinery was commissioned in 11 May 2011 with an annual capacity of 6 million tonnes. The capacity of the refinery was further enhanced to 7.8 million tonnes per year in 2018.
Chouhan assured Singh of all possible cooperation by the state government. Company’s Director Refineries Sanjay Khanna, Chief Executive Officer ARS Bhandari, Chief Financial Officer S Radhakrishnan, General Manager Coordination Ashish Goel and Manager K P Mishra were present.
With the proposed capital investment by the company LLDPE, HDPE, Polypropylene, Bitfugin and Benzene etc. will be produced. This will provide direct employment to 1900 people in plant operation and indirect employment to 5 thousand people. Apart from this, 10 thousand people will get employment in the construction work to be done for setting up the unit in 4-5 years and 50 thousand people will get employment in the industries to be set up in petro-chem cluster. The project will be implemented by January 2025.
The specialty of capital investment is that M/s BPCL, which is a Maharatna undertaking of the Government of India, is setting up a subsidiary unit for the construction of a petrochemical complex at Bina.
