Bina Refinery has got the clearance from the Department of Investment and Public Asset Management (DIPAM) for the merger with Bharat Petroleum Corporation (BPCL).
With significant co-operation from the Government of Madhya Pradesh, Bharat Oman Refineries (BORL) set up a six million tons per annum (6.0 MMTPA) grassroots petroleum refinery at Bina, M. P. in the serene surroundings of Bundelkhand. The refinery produced environmentally compliant fuels of BS-IV grade.
The Company has achieved significant milestones and has recently implemented the debottlenecking project to enhance capacity from 6.0 to 7.8 MMTPA with capability to produce 100% BS-VI specifications fuel.
BPCL acquired Madhya Pradesh government’s stake in BORL or Bina Refinery in the form of convertible share warrants for Rs 72.63 crore. The company also acquired Oman’s state-owned petroleum investment company OQ’s entire stake in the Bina Refinery project this year.
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