BENGALURU (Reuters) – Indian state-owned oil marketing company Bharat Petroleum Corporation Ltd on Friday said it had received approval from the Madhya Pradesh state government for expanding its Bina refinery and setting up a petrochemical project.
Bharat Petroleum will invest 430 billion rupees ($5.27 billion) to 500 billion rupees for the two projects, adding that the petrochemical project would start production by fiscal year 2027-28.
($1 = 81.6580 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Devika Syamnath)
