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Bina refinery in two years

Madurai, May 10: State-owned Bharat Petroleum Corporation (BPCL) will commission the Rs 6,354 crore Bina refinery in Madhya Pradesh in two years’ time.

BPCL chairman and managing director S. Behuria, who was here to launch the company’s ‘Speed’ petrol, said the six million tonnes per annum capacity refinery would be commissioned in two years.

The Cabinet Committee on Economic Affairs (CCEA) had late last month approved raising BPCL’s equity in the project from 26 per cent to 50 per cent. The company would now chip in Rs 1,271 crore as equity against Rs 549 crore original approved.

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