BPCL has entered into a loan agreement with a consortium led by SBI for its expansion projects. Economy Business | Dated: 20 Jan 2025 In January 2025, Bharat Petroleum Corporation Limited (BPCL), India’s second-largest oil marketing company based in Mumbai, Maharashtra, signed a loan agreement worth Rs 31,802 crore with a group of banks led by the State Bank of India (SBI). 🎯 Key Highlights: - The loan will help BPCL expand its refinery capacity from 7.8 million metric tonnes per year (MMTPA) to 11 MMTPA and set up a petrochemical complex in Bina, Madhya Pradesh (MP). 💡 Other Important Facts: (i) The other banks in the consortium include Punjab National Bank (PNB), Union Bank of India (UBI), Canara Bank (CNB), Bank of India (BOI), and Export-Import Bank of India (EXIM). (ii) BPCL also plans to build a petrochemical complex that will produce chemicals and polymers like Linear Low-Density Polyethylene (LLDPE), High-Density Polyethylene (HDPE), Polypropylene (PP), benzene, toluene, and mixed xylene. 📚 Test Your Knowledge: Recently, which company entered into a loan agreement with a consortium led by SBI for its expansion projects? Correct Answer: BPCL 🚀 Quick Recap: About BPCL Chairman & MD : G Krishnakumar Headquarters : Mumbai