BPCL plans to invest Rs 1,419 crore in Mumbai refinery

Bharat Petroleum Corporation  (BPCL) is planning to invest Rs 1,419 crore in replacing an old crude processing unit at its 12 million tons a year Mumbai refinery by May 2015. The company is also planning to install a new crude and vacuum distillation unit of 6 million tons per annum capacity as a replacement of old crude and vacuum units. Old units will be disposed off post stabilization of the new plant. BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.