Company Description
Bharat Petroleum Corporation Limited (BPCL) is an Indian state-owned oil and gas company headquartered in Mumbai, Maharashtra. It is one of the largest oil and gas companies in India, with a market capitalization of over ₹1.5 trillion (US$20 billion). BPCL operates three refineries in India, with a total refining capacity of 360,000 barrels per day (bpd). It also has a network of over 7,000 petrol pumps and LPG distributors across India. BPCL was originally incorporated as Bharat Refineries Limited in 1952. In 1976, it acquired the assets of Burmah Shell in India, and was renamed Bharat Petroleum Corporation Limited. BPCL is a Maharatna company, which is the highest level of operational and financial performance in the Indian public sector. BPCL's main businesses include: Refining and marketing of petroleum products Natural gas exploration and production LPG bottling and marketing Lubricants manufacturing and marketing Petrochemicals production Power generation BPCL is committed to providing energy security to India, and to reducing its carbon emissions. It is investing in renewable energy projects, and in energy efficiency measures. BPCL is also working to improve its environmental performance, and to reduce its impact on the community. The current Chairman and Managing Director of BPCL is Shri G. Krishnakumar. He took over the position in March 2020. Here are some of the key achievements of BPCL: In 2021, BPCL was ranked 309th on the Fortune list of the world's biggest Public sector undertakings in India. In 2022, BPCL was ranked 792nd on Forbes's 2021 "Global 2000" list. BPCL is the largest supplier of LPG in India, with a market share of over 50%. BPCL is the second-largest refiner in India, with a refining capacity of 360,000 bpd. BPCL is a major player in the Indian petrochemicals industry. BPCL is committed to reducing its carbon emissions, and has set a target of becoming carbon neutral by 2050. BPCL is a major contributor to the Indian economy, and plays a vital role in providing energy security to the country. It is also a responsible corporate citizen, and is committed to improving the environment and the lives of the communities it serves.
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