CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How much does the Bharat Petroleum Corporation Limited plans to invest for the expansion of Numaligarh refinery?
A
Rs.20, 000 crore
B
Rs.22, 000 crore
C
Rs.25, 000 crore
D
Rs.27, 000 crore
Explanation: 

Detailed explanation-1: -The company is also planning to almost double the combined capacity of its Numaligarh refinery in Assam and Bina refinery in Madhya Pradesh at a cost of about Rs 13,500 crore.

Detailed explanation-2: -Post the above transfer, the company’s equity shareholding in Numaligarh Refinery is 69.63%. (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Detailed explanation-3: -Bharat Petroleum Corporation Limited BPCL, a Maharatna PSU, aims to efficiently meet the energy needs of our nation with a combined refining capacity of over 40 MMT through refineries in Mumbai, Kochi, Numaligarh and Bina, which are strategically located.

Detailed explanation-4: -During financial year 2021-22, the company also achieved the highest-ever sales turnover of Rs 23,546 crore, or 26.95 per cent higher over Rs 18,548 crore in the previous year, primarily on account of increase in product prices.

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