BPCL has entered into a loan agreement with a consortium led by SBI for its expansion projects.

Economy Business

In January 2025, Bharat Petroleum Corporation Limited (BPCL), India’s second-largest oil marketing company based in Mumbai, Maharashtra, signed a loan agreement worth Rs 31,802 crore with a group of banks led by the State Bank of India (SBI).


      - The loan will help BPCL expand its refinery capacity from 7.8 million metric tonnes per year (MMTPA) to 11 MMTPA and set up a petrochemical complex in Bina, Madhya Pradesh (MP).

     

     

Main Point :-   (i) The other banks in the consortium include Punjab National Bank (PNB), Union Bank of India (UBI), Canara Bank (CNB), Bank of India (BOI), and Export-Import Bank of India (EXIM).

      (ii) BPCL also plans to build a petrochemical complex that will produce chemicals and polymers like Linear Low-Density Polyethylene (LLDPE), High-Density Polyethylene (HDPE), Polypropylene (PP), benzene, toluene, and mixed xylene.


About BPCL

Chairman & MD : G Krishnakumar
Headquarters : Mumbai
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