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BPCL Secures ₹31,802-Crore SBI-Led Loan for Petrochemicals and Refinery Expansion

BPCL Secures ₹31,802-Crore SBI-Led Loan for Petrochemicals and Refinery Expansion

Bharat Petroleum Corporation Ltd (BPCL) has secured a massive ₹31,802 crore loan from an SBI-led consortium, including Punjab National Bank, Canara Bank, and Export-Import Bank of India, to fund a petrochemical complex and expand its Bina refinery in Madhya Pradesh. The project will increase refinery capacity from 7.8 MMTPA to 11 MMTPA, supporting petrochemical production like HDPE, PP, and benzene. The loan features a project finance structure secured against project land and fixed assets. BPCL shares closed at ₹267.05 on BSE.

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