{"id":381384,"date":"2020-10-31T08:57:57","date_gmt":"2020-10-31T03:27:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381384"},"modified":"2020-10-31T09:33:21","modified_gmt":"2020-10-31T04:03:21","slug":"bpcl-puts-bina-refinery-expansion-plan-on-hold-pending-privatisation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-puts-bina-refinery-expansion-plan-on-hold-pending-privatisation\/","title":{"rendered":"BPCL puts Bina refinery expansion plan on hold pending privatisation"},"content":{"rendered":"<p>India&#8217;s Bharat Petroleum Corp has put on hold its plans to expand its Bina refinery and install a secondary unit at its Mumbai refinery to boost efficiency pending privatisation of the company, its head of finance N. Vijayagopal said.<\/p>\n<p>The federal government wants to sell its 53.29% stake in BPCL, the country&#8217;s second-largest state-run refiner, to raise funds to rein in a ballooning fiscal deficit.<\/p>\n<p>&#8220;It is for the new owner to decide whether they want and have the flexibility to add refining capacity,&#8221; Vijaagopal told an analyst conference.<\/p>\n<p>BPCL wanted to install a residue fluid catalytic cracker at the Mumbai refinery and connect the plant with a new site where it wanted to build an ethylene cracker.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s Bharat Petroleum Corp has put on hold its plans to expand its Bina refinery and install a secondary unit at its Mumbai refinery to boost efficiency pending privatisation of the company, its head of finance N. Vijayagopal said. The federal government wants to sell its 53.29% stake in BPCL, the country&#8217;s second-largest state-run refiner, to raise funds to rein in a ballooning fiscal deficit. &#8220;It is for the new owner to decide whether they want and have the flexibility to add refining capacity,&#8221; Vijaagopal told an analyst conference. BPCL wanted to install a residue fluid catalytic cracker at the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-381384","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=381384"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381384\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}