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With Rs. 1 Lakh Crore Investment, BPCL Accelerates Focus in New Segments for Sustainable Growth | ||
Mumbai, Maharashtra, India
Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company is accelerating its focus in new business segments for sustainable growth, thereby mitigating risk in oil & gas space. #BPCL is exploring opportunities in biofuels, petchem, gas, electric mobility, consumer retail and digital transformation.
Shri Arun Kumar Singh, Chairman & Managing Director, BPCL
"In the years to come, BPCL has made aggressive investment plans. We shall be investing more than Rs. 1 lakh crores at the group level majorly in enhancing petrochemical capacity and improving refining efficiencies (Rs. 30,000 crore), gas proliferation (Rs. 20,000 crore), upstream oil and gas exploration and production (Rs. 18,000 crore) and augmenting (fuel) marketing infrastructure (Rs. 18,000 crore)," said, Mr. Arun Kumar Singh, Chairman and Managing Director, BPCL. “The investment will help BPCL prepare for the future where conventional fuels and zero-carbon mobility in form of electric vehicles (EVs) and hydrogen will co-exist, while giving it the option to convert a greater degree of crude oil directly into high-value petrochemicals,” he said.
Electric Vehicle Charging Network
Petrochemicals
Natural Gas
Non Fuel Retailing
Digital Transformation
About Bharat Petroleum Corporation Ltd. (BPCL) A Fortune Global 500 Company, Bharat Petroleum is the second largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted Maharatna status, joining the elite club of companies having greater operational & financial autonomy.
Bharat Petroleum’s Refineries at Mumbai & Kochi and subsidiary Bharat Oman Refineries Ltd., at Bina, Madhya Pradesh have a combined refining capacity of around 37 MMTPA. Its marketing infrastructure includes a network of installations, depots, retail outlets, aviation service stations and LPG distributors. Its distribution network comprises over 19,000 Retail Outlets, over 6,100 LPG distributorships, 733 Lubes distributorships, 123 POL storage locations, 53 LPG Bottling Plants, 60 Aviation Service Stations, 3 Lube blending plants and 4 cross-country pipelines.
With a focus on sustainable solutions, the company is developing a vibrant ecosystem. Bharat Petroleum has been partnering communities by supporting innumerable initiatives connected primarily in the areas of education, water conservation, skill development, health, community development, capacity building and employee volunteering. With ‘Energising Lives’ as its core purpose, Bharat Petroleum’s vision is to be the most admired global energy company leveraging talent, innovation & technology. |
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