BENGALURU, April 14 (Reuters) – Indian state-owned oil advertising and marketing firm Bharat Petroleum Corporation Ltd (BPCL.NS) on Friday mentioned it had obtained approval from the Madhya Pradesh state authorities for increasing its Bina refinery and organising a petrochemical challenge.

Bharat Petroleum will make investments 430 billion rupees ($5.27 billion) to 500 billion rupees for the 2 initiatives, including that the petrochemical challenge would begin manufacturing by fiscal 12 months 2027-28.

($1 = 81.6580 Indian rupees)

Reporting by Nandan Mandayam in Bengaluru; Editing by Devika Syamnath

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