BPCL to invest ₹1 lakh crore in 5 years
The Hindu
BPCL is actively exploring new business opportunities for sustained growth, its chairman Arun Kumar Singh said
Bharat Petroleum Corporation Ltd (BPCL) plans to invest more than ₹1 lakh crore over the next five years in increasing petrochemical production capacity, gas business, clean fuel and augmenting marketing infrastructure, its chairman Arun Kumar Singh said on Monday
Going beyond the confines of traditional business models, and mindful of the challenges increasingly being faced by the Oil and Gas sector in the changing energy landscape, BPCL is actively exploring new business opportunities for sustained growth, Mr. Singh said at the company’s 68th Annual General Meeting conducted virtually.
“We shall be investing more than ₹1 lakh crore at the group level majorly in enhancing petrochemical capacity and improving refining efficiencies, gas proliferation, upstream oil and gas exploration and production and augmenting (fuel) marketing infrastructure,” said Mr. Singh while addressing the company’s annual general meeting.
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