The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Amit Rustagi - UBS Investment Bank, Research Division - Analyst
: Yes, Sir. Could you please elaborate, is there any decision being taken on the stake sale in IGL and Petronet LNG before the transaction? Or the 2
entities will go along with the decision?
V. Rama Krishna Gupta
No, there is no decision taken as on date, but still we are working with Government of India to protect the interest of BPCL, but no decisions in that
aspect as of date.
Question: Amit Rustagi - UBS Investment Bank, Research Division - Analyst
: Okay. And sir, coming to the Mumbai refinery. Earlier, we used to plan some expansion here in Mumbai refinery. And with the petrochemical --
integrated petrochemical complex in refinery. So is this project still on or now that is basically will be taken when the new management comes on
Board?
Unidentified Company Representative
Still in exploration stage only that project, still we have to see a lot of things, whether the feasibilities and taking up the new CapEx at this point of
time, still in exploration stage only that project, integrated petrochemical complex.
Question: Amit Rustagi - UBS Investment Bank, Research Division - Analyst
: Yes. Sir, could you give us the debt numbers for Bina Refinery now after it is fully acquired by BPCL?
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AUGUST 13, 2021 / 5:30AM, BPCL.NS - Q1 2022 Bharat Petroleum Corporation Ltd Earnings Call Hosted by
IIFL Securities Ltd
Unidentified Company Representative
Bina debt is around INR 7,000 crores.
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