PSU Bharat Petroleum Corporation (BPCL) plans to set apart Rs 20,000 crore to further enhance capacity of Kochi Refinery (KRL) to 15.5 mln tpa at Ambalamugal and for setting up a petrochemical complex. Talks are underway with the state government. Capacity expansion and modernisation project Phase II of the project at a total cost of Rs 4,000 crore is one of the largest capital investments in Kerala.
A Rs 4,000 crore expanded capacity and modernised facilities of the BPCL-KRL refinery has been unveiled. With the project's completion, the refining capacity has been enhanced to 9.5 mln tpa from 7.5 mln tpa.