(TH)
Bharat Petroleum Corporation Limited (BPCL) has paid ₹5 crore to Kochi Corporation as part of an agreement connected with the grant of permission to replace its old pipeline from the South Tanker Berth Jetty to BPCL Kochi Refinery.
A cheque for ₹5 crore was handed over to Mayor Soumini Jain by Prasad K. Panicker, Executive Director, BPCL Kochi Refinery, on Saturday, in the presence of K.V. Thomas, MP; Hibi Eden, MLA; and others, said a release issued here.
The new 20-inch insulated pipeline that is to replace the old 30-inch crude pipeline would help Kochi Refinery transport not only diesel, petrol or crude oil but also high viscous petroleum products like vacuum residue and vacuum gas oil from other refineries in the country and process these into value-added products. Since most of the other Indian refineries do not have bottom upgradation capabilities, this business model would help the country produce additional value-added products.
