Bharat Petroleum Corporation Limited (BPCL) came into existence in January 1976 when Burmah-Shell was taken over by the Government of India. A Fortune Global 500 Company, BPCL is 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. BPCL has recently attained the coveted Maharatna status, joining the elite club of companies enjoying enhanced financial autonomy and other decision-making authorities.
BPCL’s Refineries at Mumbai and Kochi, subsidiary Numaligarh Refinery Ltd. at Assam and joint venture Bina Refinery at Madhya Pradesh have a combined refining capacity of over 30 MMTPA. BPCL’s subsidiary, Bharat Petro Resources Ltd. has acquired participating interests in 22 oil & gas blocks in India and abroad. BPCL markets its products through a robust marketing and distribution network comprising 14,015 Retail Outlets, 4701 LPG distributorships, 645 Lubes distributorships, 1014 SKO/LDO dealerships, 128 POL storage locations, 50 LPG Bottling Plants, 44 Aviation Service Stations, 3 Lube blending plants and 3 cross-country pipelines.
During the year 2017-18, BPCL’s gross revenue from operations stood at Rs. 2,77,162 Crores, net profit was a record Rs. 7,919 Crores, market sales were 41.21 MMT and market share amongst public sector oil companies was 22.8%. The products have a wide range of applications in industrial, transport, power and agriculture sectors. BPCL has formed 18 joint venture companies covering refining, city gas distribution, renewable energy, pipelines, gas, into-plane servicing, airports, payment banks etc. to cater to the diverse requirements of its customers.
BPCL’s next 5-year strategic roadmap, which will entail investments of over Rs 1 Lakh crores, focuses on creating infrastructure, customer centricity through service models and enhanced fuel offerings, establishing a global footprint in downstream retailing, developing renewable energy sources, inclusive growth, reducing the carbon footprint etc. As a good corporate citizen, BPCL’s thrust is primarily in the areas of education, water conservation, skill development, health, community development, capacity building and employee volunteering. With ‘Energizing Lives’ as its core purpose, BPCL’s vision is to be the most admired global energy company leveraging talent and technology.