India-based Bharat Oman Refineries Limited (BORL), a joint venture by the two countries, will raise the refinery capacity at its Bina unit in the Indian state of Madhya Pradesh in two phases, a report said.

The first phase will involve raising the capacity to 7.8 million tonnes a year from the current six million tonnes at a cost of `Rs3,072 crore by 2018, reported the Oman Observer.

It will then increase it to 15 million tonnes with an additional investment of `Rs18,000-20,000 crore in another five-six years, the report added.