BPCL Plans Big Investments in Refining, Clean Energy, and EV Charging
Bharat Petroleum Corporation Limited (BPCL) is set to invest USD 20 billion over the next five years. This investment will expand refining capacity, petrochemical operations, and retail fuel stations. BPCL aims to diversify crude suppliers and enhance aviation fuel infrastructure.
Key Initiatives
BPCL plans to:
- Expand refining capacity to 45 million metric tons per year
- Add 4,000 new retail fuel stations by 2029
- Augment petrochemical facilities at Bina and Kochi refineries
- Commission a new 12 million metric tons per year refinery
- Roll out EV charging facilities at 7,000 energy stations
Strategic Partnerships
BPCL is exploring partnerships with Brazilian suppliers and domestic EV manufacturers like Bounce Infinity. The company recently inaugurated hydrant facilities at Manohar International Airport in Goa.
Government Support
Petroleum Minister Hardeep Singh Puri confirmed that the government has no plans to privatize BPCL, citing its strong financial performance.
Chairman’s Vision
Chairman G Krishnakumar said, “India’s booming economy is our tailwind. We’re confident it will drive a surge in energy demand, further fueling growth in our core and new businesses.”