BPCL formed joint venture with LG Chem to set up petrochem unit:

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Bharat Petroleum Corporation Ltd. (BPCL) has formed a JV with Korea’s LG Chem to set up a petrochemical unit next to its refinery in Kochi. The JV will invest up to Rs.6,000 Crore as debt and equity to set up the plant beginning early next year.

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