Tuesday, November 16, 2010

Bina Refinery To Resume Operations In 2011

Bina Refinery To Resume Operations In 2011


Bharat Petroleum Corporation’s Bina refinery, located in Madhya Pradesh, will commence operations early next year as a power plant, critical for the plant, will be set up in January after a delay of 21 months. The Rs 11,400 crore refinery is losing Rs 2.5 crore per day as it has not been able to function after a test run that was done by drawing power from the grid and using a hired boiler in July.

Oman Oil Co holds a stake of 26 per cent in it. A 100 MW power plant for the refinery that can process 6 million tonne a year, was being set up. The power plant was initially expected to be ready by April 2009. Later, the date was extended to July 2010. Boiler for unit-1 is now readt an...

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