{"id":381459,"date":"2020-10-31T09:51:08","date_gmt":"2020-10-31T04:21:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381459"},"modified":"2020-10-31T10:46:57","modified_gmt":"2020-10-31T05:16:57","slug":"bharat-petroleum-corp-puts-bina-refinery-expansion-plan-on-hold-pending-privatisation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bharat-petroleum-corp-puts-bina-refinery-expansion-plan-on-hold-pending-privatisation\/","title":{"rendered":"Bharat Petroleum Corp puts Bina refinery expansion plan on hold pending privatisation"},"content":{"rendered":"<p>NEW DELHI: 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 NSE 3.70 %, 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>NEW DELHI: 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 NSE 3.70 %, 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 [&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":[130,191,136],"tags":[],"class_list":["post-381459","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381459","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=381459"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381459\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}