BPCL invests Rs 272 cr in state for infra uplift
Kolkata: Maharatna oil PSU Bharat Petroleum Corporation (BPCL) is investing Rs 272 crore across two locations in West Bengal to enhance capacity and better supply management. The company is also eyeing a higher market share in West Bengal from the present level in motor spirit (MS) and high-speed diesel (HSD). Now, it has 38% market share in Kolkata and 28% in West Bengal. The company is eyeing a 32% market share in the state in coming years.
P S Ravi, executive director (retail) of BPCL, said that Budge Budge oil installation is being revamped at a cost of Rs 175 crore and the pipeline from Haldia oil jetty to BPCL’s coastal installation was completed at an outlay of Rs 97 crore. Budge Budge oil storage is one of the oldest storage capacities of BPCL established in 1900.
According to him, the entire terminal at Budge Budge would be automated and the enhanced capacity will be 47,000 kilo litre (KL) taken together both motor spirit (MS) and high-speed diesel (HSD). “With this investment, the capacity of Budge Budge has been doubled and now, it can cater to the whole Kolkata and beyond,” he added. In the city, BPCL has 67 retail outlets. For BPCL, the demand in Kolkata is 6,000 KL of MS and 18,000KL of HSD.
