A target of increasing the refining capacity to 50 million tonnes per annum has been set by the Bharat Petroleum Corp (BPCL), with an investment of Rs 40,000 crore over the next five years.

S Varadarajan, Chairman and Managing Director said, “We plan to increase our refining capacity to 50 mtpa from 30 mtpa now by investing Rs 40,000 crore in brownfield expansion by 2021. Our total capex under Project Sankalp is Rs 1 trillion during the next five years.”

“We want to have a truly global presence in refining, marketing and exploration & production in the next five years. The Project Sankalp will see doubling our investments to Rs 1,00,000 crore over the next five years,” he said.

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