Bharat Petroleum Corporation Limited (BPCL) successfully organized an important investor meeting in Indore in collaboration with Madhya Pradesh Industrial Development Corporation (MPIDC) and Indian Plane Pack Foundation (IPF). In this program, organized under the theme “Extension of Razolut Bharat Petrochemicals”, BPCL announced an investment of Rs 49,000 crore for Bina refinery and for the petrochemical project.

Due to this grand project, world -class polymer will be produced in India such as polypropylene, HDPE/LLDPE, Benzin and Tolan. This will increase the supply of raw materials in the country, reduce the dependence on imports, and give a big boost to industries such as packaging, automobile, agriculture and consumer goods.

‘Bina’ India’s future Petrochemical Hub

At this meeting, Bina city was presented to the city of India as a petrochemical hub. The program highlighted that Bina has become a great center for investors due to its strategic location, integrated infrastructure and Madhya Pradesh government’s investors.

Talking about this, Shri. Raghavendra Kumar Singh, Principal Secretary, Industrial Policy and Investment Conservation Department, Madhya Pradesh Government said, “Madhya Pradesh is emerging as a strong investment center. BPCL will create huge opportunities for downstream industries in Bina.

Director of BPCL (Marketing) Shri. “The Bina Petrochemical Project is an important step towards making India self -reliant in the polymer area,” said Shubhankar Sen, which will increase the availability of domestic raw materials and create competitive opportunities for industries. “

Strengthens the Make in India policy

This project is directly linked to the national strategic approach to “Make in India”, which will greatly benefit the local production and employment generation. Various stakeholders from industry, government and investment communities participated in the meeting and discussed the development of the area. Senior MPIDC and BPCL leadership guided investors and said that Bina was one of the most promising investment sites in India.

Brief about Bharat Petroleum (BPL):

BPCL is the second largest oil and energy company in Fortune Global 2. Mumbai, Kochi and Bina have their refining units, and the total purification capacity is 35.3 million metric tons per year (MMTPA). The company receives ‘Maharatna’ status, and it is aimed at becoming a ‘Net Zero Energy Company’ by 2040.