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IOCL, BPCL and HPCL ink JV pact for $40 bn West Coast Refinery project

The 60-MMTPA refinery-cum-petrochemicals complex is expected to be commissioned by 2022

Dharmendra Pradhan addressing the gathering
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Dharmendra Pradhan addressing the gathering

BS B2B Bureau New Delhi
India's emergence as a global refining hub received a big boost with the three downstream PSU oil majors, Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (BPCL), joining hands to build one of the world's largest integrated refinery-cum-petrochemicals complexes in Ratnagiri district of Maharashtra. 

The joint venture agreement for the West Coast Refinery Project was the three PSUs in the presence of Dharmendra Pradhan, Minister of State, Petroleum & Natural Gas on Wednesday.

The 60 million metric tonnes per annum (MMTPA) west coast refinery-cum-petrochemicals complex will be a state-of-the-art unit built at an estimated cost