BPCL chairman and managing director R K Singh said that the BPCL Kochi Refinery is set to hike its capacity from 9.5 Million Metric Tonnes Per Annum (MMTPA) to 15.5 MMTP through the Integrated Refinery Expansion Project (IREP) at an estimated cost of more than Rs 13,000 crore.
Moreover, a downstream petrochemical complex will be set up in the joint sector for about Rs 7,000 crore and the quality of auto fuels will be improved in order to meet Euro-IV/V norms.
Singh will also boost BPCL's investment in the planned Kannur International Airport.
Bharat Petroleum Corporation Limited is one of the largest state-owned oil and gas company headquartered at Mumbai, India, with Fortune Global 500 rank of 307 (2010).
Its corporate office is located at Ballard Estate, Mumbai.
As the name suggests, its interests are in downstream petroleum sector. It is involved in the refining and retailing of petroleum products.