State-run oil marketer Bharat Petroleum Corporation (BPCL), which is setting up its first propylene unit in Kochi, said it was prepared to offer 51 for each penny stake in the Rs 6,000-crore undertaking to its Korean joint endeavour accomplice LG Chemicals.

The propylene plant is a piece of the organization's proposed petrochemicals complex arranged at Ambalamugal, Kochi, where it likewise has a 9.5 million ton oil refinery.

BPCL Chairman and Managing Director had inked a MoU with Kerala Chief Minister at the Emerging Kerala financial specialist summit in Kochi that pulled in Rs 2.5 trillion (Rs 2.5 lakh crore) worth recommendations, for Rs 20,000-crore interest in the state.

this is the single biggest speculation by the organization so far and includes extension of the Kochi Refinery ability to 15.5 million ton for every annum from the present 9.5 million ton by FY17.

Throughout the weekend, the BPCL Chairman had told correspondents after its AGM that BPCL has lined up a capital use of up to Rs 45,000 crore by 2017 and the Kochi ventures are a piece of this. "In the following four to five years our aggregate capex will be to the tune of around Rs 40,000-45,000 crore.