BPCL Approves Rs. 5044 Crore Polypropylene Unit at Kochi Refinery

Bharat Petroleum Corporation Limited (BPCL) has approved a proposal to set up a Polypropylene (PP) unit at its Kochi Refinery, with a capacity of 400 Kilo-Tonnes Per Annum (KTPA) at a gross project cost of Rs. 5044 crore. The project is expected to be completed within 46 months from the date of investment approval, with a debt-equity ratio of 65:35. The rationale for the project is based on the robust growth of the petrochemical segment in India and the availability of Propylene feedstock, which provides opportunities for BPCL to produce Polypropylene with wide applications in downstream industries.,