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Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector oil and gas company, headquartered in Mumbai. It is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. It operates three refineries in Bina, Kochi and Mumbai. [4]
Mumbai, Maharashtra, India Bharat PetroResources ( BPRL ) is a wholly-owned subsidiary of Bharat Petroleum Corporation , a central public sector undertaking company functioning under the Ministry of Petroleum and Natural Gas , Government of India . [ 1 ]
The special efforts and corporate strategies put in place by Jain, after joining on 31.12.2005, yielded the much awaited turnaround of the Company. BPCL achieved a net profit of ₹1.84 crores during Financial Year 2005-06 after accounting for interest amounting to ₹135 million as against a loss of ₹108.6 million during previous year 2004-05.
In August 1977, the company was given its permanent name, viz. Bharat Petroleum Corporation Limited (BPCL). The installed capacity of 5.25 million tonnes per year was increased to 6 million tonnes per year in 1985. The present refining capacity of the refinery is 6.9 million tonnes per year.
The government decided to consolidate the businesses of BPCL before privatization. On 31 March 2021, BPCL announced that it had signed an agreement to acquire a 36.6% stake held by OQ (formerly known as Oman Oil Company) for ₹ 2,400 crore (US$280 million) giving it complete control over Bharat Oman Refinery Limited. [2]
It is the largest public sector refinery in India with a production capacity of 15.5 million tonnes per year. [2] Formerly known as Cochin Refineries Limited and later renamed as Kochi Refineries Limited, it was acquired by Bharat Petroleum Corporation Limited in the year 2006. [3]
Bharat Gas Resources Limited (BGRL) is a wholly-owned subsidiary of Bharat Petroleum Corporation Limited (BPCL), India's second-largest oil marketing company [1] led by the Ministry of Petroleum and Natural Gas, Government of India. [2] [3] It was amalgamated with the parent with effect from 16 August 2022. The Corporate Affairs Ministry issued ...
The major oil terminals / depots in India are: Agra Terminal of IOCL; Dhourmui Terminals of IOCL, BPCL and HPCL near Bharatpur; Roorkee Terminal of IOCL;