Kerala to fast-track BPCL PetroChem Park project

25-Sep-19

A meeting, convened by K Ellangovan, Principal Secretary (Industries & Commerce), decided to authorise Kerala Industrial Infrastructure Development Corporation (Kinfra) to acquire the 481 acres through a ‘direct registration process’ or ‘negotiated purchase’ route. Out of the 481 acres, BPCL-Kochi will take 170-acre on lease for its polyols project. The Rs 11,300-crore project will produce polyols, which are used in the production of polyurethanes used in automotive seats, mattresses and shoe soles. Formalities for the speedy land transfer to Kinfra was finalised and the government is expected to issue a notification in this regard, said a source. Kinfra MD Santhosh Koshy Thomas, BPCL Executive Director Prasad K Panicker, K Biju, director of Industries & Commerce and officials from FACT and the government attended the meeting.