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Our Bureau

Mumbai , July 28

BHARAT Petroleum Corporation Ltd (BPCL) plans to invest Rs 1,200 crore towards producing auto fuel compliant with Euro-IV emission norms. The refinery is currently undertaking expansion of the refinery capacity to 12 million tonnes.

"The expansion of Mumbai refinery to 12 million tonnes from 8.76 million tonnes per annum by March 2005 will enable us to produce petrol and diesel compliant with Euro III fuel emission norms. Further, we have planned an investment of Rs 1,200 crore to produce Euro IV fuel," the BPCL Director (refineries), Mr Mukesh Rohatgi, told newspersons here on Wednesday."We are in process of finalising the project," he added.

BPCL is investing Rs 1,831 crore in expanding its Mumbai refinery to produce Euro III compliant diesel and another Rs 110 crore towards producing cleaner petrol. It has lined up another Rs 318 crore in setting up a unit to produce base oil.

The expansion will happen simultaneously with its planned extension of the Mumbai-Manmad-Indore pipeline up to Delhi.

According to Mr Rohatgi, the extension of the pipeline may entail an investment of Rs 750-800 crore and work on the project may start in few months from now. ``It will take anything between 24 and 30 months to complete the pipeline expansion.''

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