BPCL on its mark to establish a polypropylene project worth INR 5200 crore
Bharat Petroleum Corporation Ltd. (BPCL), a public sector oil refiner, is in the budding stages of discussions concerning the establishment of a Rs 5,200 crore polypropylene project in Kochi. The project aims to catalyze the production of homopolymer-grade polypropylene (PP), which is widely used in the creation of products such as packaging films, sheets, containers, bags, home goods, personal care items, and other everyday articles. These products are anticipated to be produced near BPCL's Kochi refinery in Ambalamedu.
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Senior BPCL officials, including CMD G Krishnakumar, Director (Finance) Vetsa Ramakrishna Gupta, Director (Refineries) Sanjay Khanna, and Executive Director (Kochi Refinery) Abhai Raj Singh Bhandari, recently met with Chief Minister Pinarayi Vijayan in Thiruvananthapuram to discuss this venture. Additionally, these leaders held meetings with Industries Minister P Rajeeve and Chief Secretary Dr V Venu, IAS, to provide updates on the project's progress.
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In July 2019, the Union government allocated 170 acres to BPCL by selling the land belonging to FACT, a public sector entity involved in fertilizer production. This plot is located next to the oil refiner's Ambalamedu plant. Furthermore, BPCL has secured an additional 170 acres on a long lease from Kinfra (Kerala Industrial Infrastructure Development Corporation), which will also be used for this ambitious project.
According to Procurement Resource, BPCL is advancing a notable Rs 5,200 crore polypropylene project in Kochi to boost homopolymer-grade polypropylene production. With land allocations from the Union government and Kinfra, and collaborative efforts with state leadership, the initiative underscores BPCL's strategic commitment. This venture not only emboldens BPCL's industrial footprint but also reinforces Kerala's position in India's dynamic industrial landscape.
