District Collector S Suhas and BPCL
Kochi Refinery Executive Director Prasad K Panicker were also present at the event.
Fitch equalises BPCL
's rating with that of its largest shareholder, the state of India (BBB-/Stable), based on the assessment of the likelihood of government support in line with Fitch's Government-Related Entities (GRE) Rating Criteria.
At least 43 people were injured in a massive fire that broke out at the Bharat Petroleum Corp Ltd (BPCL
) refinery in Mumbai yesterday afternoon, officials said.
is looking to sell 100 tonnes of lubricants through IGL network in 2014-15.
Varadarajan said that, as part of the expansion of Kochi refinery, BPCL
would be setting up a petrochemical fluid catalytic cracker that would generate 500,000 tonnes of propylene annually.
Air Products' industrial gas complex in India will provide hydrogen, syngas, nitrogen and oxygen for BPCL
's Kochi Refinery and its proposed petrochemicals complex.
Muscat: Bharat Petroleum Corporation Ltd (BPCL
), India's second largest oil marketing company, is hopeful of taking its 6-million tonne Bina refinery initial public offering (IPO) next fiscal, according to an Indian newspaper.
"The government's decision to reimburse BPCL
's fuel subsidy burden almost fully and higher refining margins in FY2013 resulted in consolidated EBITDA increasing by 31% from a year ago to INR82 billion ($1.5 billion).
The Bina refinery, critical to BPCL
from the angle of speedier supply of products in northern and central India, has been on stream since 2010.
Iran has told BPCL
, HPCL and Essar that they will receive no supply in August, said a source at Saudi Aramco, which has been approached by these companies for extra volumes.
NRL receives strong financial, operational, and management support from BPCL
(61.65 per cent equity ownership in NRL).