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 crude oil and marketing petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. BPCL has attained the coveted Maharatna status.
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 40 MMTPA. BPCL’s subsidiary, Bharat PetroResources Ltd. has acquired participating interests in 26 oil & gas blocks in India and abroad. BPCL markets its products through a robust marketing and distribution network comprising 14,802 Retail Outlets, 5,907 LPG distributorships, 711 Lubes distributorships, 930 SKO/LDO dealerships, 123 POL storage locations, 52 LPG Bottling Plants, 56 Aviation Service Stations, 3 Lube blending plants and 4 cross-country pipelines.
During the year 2018-19, BPCL’s gross revenue from operations stood at Rs.3,37,623 crores, net profit at Rs. 7,132 crores, market sales were 43.07 MMT. BPCL has formed 23 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 will entail investments of over Rs 1 Lakh crores in infrastructure for enhanced customer service. 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 ‘Energising Lives’ as its core purpose, BPCL’s vision is to be the most admired global energy company leveraging talent and technology.