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BPCL to Boost Refining Capacity by 10mpta by 2028

India's second-largest fuel retailer, Bharat Petroleum Corporation Limited (BPCL), plans to raise its refining capacity by 10 million tons per year by 2028, as the biggest Indian refiners consider a massive expansion to processing capacity to meet growing demand.

 

State-controlled BPCL expects to raise its total refining capacity to 45 million tons per year by 2028 from the current 35.3 million tons per year, BPCL's head of refining Sanjay Khanna said.

 

The increase in refining capacity is expected to come from higher capacity at the company's refineries at Mumbai, Bina, and Kochi, the refiner's executive said at an industry event.

 

Reports emerged earlier this year that BPCL is in talks with major local banks to secure a loan of about $3.8 billion which it will use to expand the capacity of one of its refineries, Bina.

 

BPCL is looking to raise around $3.8 billion (320 billion Indian rupees) from lenders to boost the capacity of its Bina refinery in the Madhya Pradesh state in central India.

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