Bharat Petroleum Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 16, 2017, has the proposal of merger of Petronet CCK Ltd. (PCC'KL). a wholly owned Subsidiary of BPCL with BPCL. In-principle approval for such merger was given subject to the preparation and submission of the detailed Scheme of Merger and following due process provided under the Companies Act. 2013 and requisite approval of Central Government, Shareholders and Statutory authorities. PCCKI. was formed in 1998 with a paid up share capital of Rs. 100 Crores. The Company owns and operates 292 Km long multi product Kochi-Coimbatore-Karur pipeline with a throughput capacity of 3.3 MMTPA which is used for evacuation of BPCL's Kochi Refinery products. The merger will enhance operational efficiencies, For the year 2015-16, its throughput was 2.715 MMT, revenue from operations was Rs. 117.12 Crores with profit after taxes of Rs. 59.41 Crores. Outcome of the Board meeting (As Per BSE Announcement Dated on 12.09.2017) Draft Scheme of Amalgamation of Petronet CCK Ltd with BPCL (As Per BSE Announcement Dated On 15/09/2017) Approval of Scheme of Amalgamation of Petronet CCK Ltd with BPCL (As per BSE Announcement date on 01/06/2018)