BPCL Board Approves ₹14,200 Crore Upgrade of CCU and FCCU Units at Mumbai Refinery

Bharat Petroleum Corporation Limited (BPCL), one of India’s foremost oil and gas companies, has undertaken two major initiatives aimed at enhancing its operational capacity and expanding its market offerings. These developments, approved during the Board meeting held on 30th May 2025, were disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

BPCL to Upgrade Mumbai Refinery with PRFCC Unit

BPCL has sanctioned a major technological upgrade at its Mumbai Refinery. The existing Catalytic Cracking Units (CCU and FCCU) will be replaced with a state-of-the-art Petro Resid Fluidised Catalytic Cracking (PRFCC) unit and its associated facilities. This modernisation initiative involves a capital outlay of ₹14,200 crore. Upon commissioning, the PRFCC unit is expected to significantly enhance the refinery’s performance, reflecting BPCL’s continued commitment to technological progress and efficiency.

BPCL’s Investment in Joint Venture with Tikitar and Shell

BPCL has decided to invest in Tikitar and Shell India Private Limited (TTSIPL), a joint venture between Tikitar Group and Shell Gas B.V. The venture will focus on the manufacturing and marketing of value-added bitumen products, a niche segment in the petroleum industry. This strategic move will allow BPCL to diversify its product base and tap into emerging market demands. The investment is contingent on regulatory approvals, including those from DIPAM, and the finalisation of definitive agreements. BPCL will release complete disclosures once these agreements are signed.

Read More: Saudi Aramco Eyes Investment Plans in BPCL and ONGC Refineries!

BPCL Share Performance 

As of June 02, 2025, at 12:47 PM, BPCL share price is trading at ₹318.00 per share, reflecting a decline of 0.13% from the previous closing price. Over the past month, the stock has surged by 2.20%.

Conclusion

BPCL’s dual announcements reflect a strategic vision that balances expansion through partnerships with infrastructural and technological upgrades. The initiatives are poised to position BPCL favourably within the competitive energy sector and support its long-term growth objectives.

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