BPCL's Bold Expansion Plans for India's Energy Future

Bharat Petroleum Corporation Ltd (BPCL) is planning extensive investment in oil refining and petrochemical capacities over the next 5-7 years to meet India's rising energy demands. The company aims to achieve net-zero carbon emissions by 2040 and is also venturing into renewable energy projects and electric vehicle infrastructure.

State-owned Bharat Petroleum Corporation Ltd (BPCL) is embarking on an ambitious plan to establish an oil refining and petrochemical complex over the next 5-7 years. This move comes as part of its broader strategy to boost capacity and meet India's surging energy needs, Chairman G Krishnakumar revealed to shareholders on Friday.

The oil major has earmarked Rs 1.7 lakh crore for expansion, covering core refining, fuel retailing, and new energy ventures. Despite losing its Numaligarh refinery in the halted privatization attempt, BPCL continues to focus on growth, with strategies including two new petrochemical projects in Bina and Kochi totaling Rs 54,000 crore.

Looking ahead, BPCL is targeting net-zero carbon emissions by 2040, supported by significant investments in renewables, green hydrogen, and carbon capture technologies. The firm is also expanding its EV charging network, with plans for 7,000 stations and several Highway Fast Charging Corridors aimed at reducing range anxiety for electric vehicle users.

(With inputs from agencies.)