BPCL amalgamates wholly-owned subsidiary BORL Bharat Oman Refineries with itself

Following buying out Oman Oil Company’s shares in the Bina refinery project for about Rs 2,400 crore last year, state-owned Bharat Petroleum Corporation (BPCL) has amalgamated, effective July 1, its wholly-owned subsidiary Bharat Oman Refineries (BORL), with itself.

BORL owns and operates a 7.8 million tonnes oil refinery in Madhya Pradesh. Along with Bina, BPCL’s refineries in Mumbai and Kochi have a combined refining capacity of around 35.3 million tonnes. Bina processes 47 types of crudes.