BPCL C&MD updates GOK Chief Secretary on BPCL investment plans in Kerala
17 Jun 2022 | BPCL
With an investment to the tune of ₹ 30,000 Cr in Kerala during the last decade, which is almost 40% of the BPCL standalone capital investment, it is evident that BPCL has always preferred Kochi Refinery in Kerala as an investment option. BPCL had ventured into Petrochemicals at Kochi Refinery by commissioning the PDPP units and now, board approval has been taken for preparing a Detailed Feasibility Report for Polypropylene Project in Kochi Refinery.
The BPCL team led by Chairman and Managing Director, Mr. Arun Kumar Singh met Mr. VP Joy IAS, Chief Secretary, Govt of Kerala on 16 June 2022, in Thiruvananthapuram to seek Government of Kerala support for the proposed petrochemical projects in Kochi Refinery. The preliminary estimate of the Polypropylene Project at KR is around ₹ 5000 Cr and the potential downstream investment opportunity is around ₹ 3000 Cr. The estimated employment generation potential is around 35000 Nos (direct, indirect and induced).
In a brief presentation to the Chief Secretary, C&MD also shared about the recent investments in Kerala which includes the Integrated Refinery Expansion Project at a capital cost of ₹ 16504 Cr, the Propylene Derivative Petrochemical Project at a Capital cost of ₹ 6285 Cr and the MS Block Project to meet Euro VI norms at a Capital Cost of ₹ 3289 Cr. The economic contribution to the State Exchequer in 2021-22 has been ₹ 2,495 Cr and to the Central Exchequer, it was ₹ 39,877 Cr.
Also present at the meeting were Mr. Suman Billa IAS, Principal Secretary, Industries, Mr. Sanjay Kaul IAS, Secretary, Finance Expenditure and Mr. Mohammed Y Safeerulla, IAS, Secretary, Finance Resource. The BPCL team led by C&MD included Mr. Sanjay Khanna, (Director Refineries), Mr. R P Natekar, Executive Director (Planning & Corporate Affairs) I/c and Mr. Ajith Kumar K, Executive Director (Kochi Refinery).
