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(From Business Line)
Mumbai, May 6 - THE Madhya Pradesh Government today signed a memorandum of understanding (MoU) with Bharat Oman Refineries Ltd to set up a six-million-tonne per annum refinery at Bina, which has been in abeyance for 10 years now.
Bharat Oman Refineries is a joint venture between BPCL and Oman Oil Company Ltd.
Its expected investment in the project is Rs 7,500 crore.
The MoU was signed in Mumbai, and strategically scheduled to fit into a session on 'Opportunities & Potential of Investing in Madhya Pradesh' co-hosted by FICCI, which was attended by the M.P. Chief Minister, Mr Babulal Gaur.
The session brought …