PSU NEWS
BPCL and ONGC may jointly explore a new refinery
The talks are at a very nascent stage, the sources said.
Indian refiner PSUs Bharat Petroleum and Explorer Oil and Natural Gas Corp are jointly exploring setting up a refinery, as per official sources.
The talks are at a very nascent stage, the sources said.
BPCL's chairman told shareholders last week that the company plans to increase its integrated refining and petrochemical capacities within five to seven years to meet growing energy demand. Both companies declined to comment on the development.
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