BPCL to invest Rs 1.7 lakh cr in core, new energy business (2024)

 https://youtu.be/BTDyZCMMbUc?si=Q_pbCqg9i-zJnwKe

  • BPCL to invest Rs 1.7 lakh cr in core, new energy business (2024)
  • BPCL, which owns three refineries that convert crude oil extracted from below earth's surface into fuels like petrol and diesel, plans to expand refining capacity to 45 million tonnes per annum by March 2029 from current 35.3 million tonnes
  • The EV charging stations will complement its fuel retailing network which also includes 2,034 CNG stations.
  • In line with the government's focus to increase gas share in the Indian energy portfolio from 6 per cent to 15 per cent, co. intends to increase gas footprint by building optimal city gas infrastructure and acquiring high opportunity geographic areas
  • On fuel retailing infrastructure, BPCL is looking to add about 4,000 petrol pumps to its 22,000-odd retail stations
  • Overall, co. plans to invest Rs 1.7 Lakh crores over a period of 5 years. Of this, Rs 75,000 crores is earmarked for refineries and petrochemicals. 
  • Plans to undertake strategic pipeline projects with an investment of Rs 8,000 crores, of which projects worth Rs 5,000 crores have already been identified
  • Will invest more than Rs 20,000 crore in marketing business.
  • Earmarked investments of Rs 32,000 crores in upstream production, mainly in Mozambique and Brazil, depending on positive developments on ground. 
  • Will invest Rs 25,000 crores on gas business, (and) Rs 10,000 crores on green energy business

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