Kochi: The Union government’s decision to divest its entire stake in Bharat Petroleum Corporation Limited (BPCL) has created apprehensions over the fate of the nearly Rs 16,500-crore projects for import substitution petrochemical products, having huge potential for manufacturing a slew of downstream products, by Kochi Refinery coming under the PSU.
The petrochemical products from the company are expected to save foreign exchange to the tune of Rs 13,000 crore a year.
