The Exchange has sought clarification from Bharat Petroleum Corporation Limited with respect to recent news item captioned Technip Energies wins two major BPCL contracts for Bina, Mumbai refineries. The response from the Company is attached.
BPCL · price
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Awaiting price reaction for this filing.
BPCL confirmed it issued three Letters of Intent to Technip Energies Limited on 24th November 2025 for refinery-related work. The largest is an Engineering, Procurement, Construction and Commissioning (EPCC) package for a Polypropylene and Butene-1 unit at Bina Refinery worth about Rs. 3,600 crore. Two smaller contracts for Mumbai Refinery cover a Petro Resid Fluidized Catalytic Cracking (PRFCC) unit worth Rs. 467 crore and a Hydrocracker Unit revamp worth Rs. 50 crore, totalling roughly Rs. 4,117 crore. The company stated these are part of ordinary-course capital expenditure and did not require stock exchange disclosure at the time. It also said no share price movement is expected from this news.
The contracts are sizeable capital expenditure commitments for refinery upgrades and petrochemical capacity, but BPCL itself says they should not move the share price. Investors may note the Bina project as a step toward petrochemical integration, though the news is already a week old and the company is treating it as routine business.