Polypropylene Unit Kochi Tender

Scope : To Set up Polypropylene Unit Project at Kochi Refinery in Kerala

Bharat Petroleum Corporation Ltd (BPCL), India’s leading oil and gas company has received the approval of a polypropylene unit project at its Kochi refinery in Kerala.

The company's board of directors at a meeting on December 19, 2023 approved the investment Rs 5,044 crore in setting up a polypropylene production unit at its Kochi refinery to meet rising petrochemical demand in the country.

The proposed polypropylene unit will be constructed in about 46 months from the date of the investment approval and is designed to produce 400,000 tonnes per annum.

The project will be funded in 65:35 debt-equity ratio, Bharat Petroleum said in a separate stock exchange filing.