Shaping the Energy
of Tomorrow
As the global economy rebounds from the pandemic and geopolitical tensions persist,
the demand for energy continues to grow. India, with its burgeoning population and
rapid economic expansion, stands at a pivotal juncture where energy consumption is
expected to increase multifold in times to come.
Driving India’s
new Energy Mix
We aim to nurture and expand our core businesses while allocating significant capital in future big bets that have the potential for driving substantial growth. We have earmarked
₹ 1.70 lakh crore capital expenditure (capex) over the next five years.
Project Aspire

Project Aspire is a comprehensive five-year strategic framework aimed at enhancing our overall business and financial performance under two core themes, ‘Nurture the Core’ and ‘Future Big Bets’.

0 lakh Crore
Planned capex
0 Crore
Refineries and Petrochemicals
0 Crore
CGD/Gas
0 Crore
Marketing
Refining

We aim to build a resilient infrastructure with continuous upgrades and installing advanced technology in refineries.

Marketing

We aim to become a market leader across all our business segments through brand building, extensive communication, premiumization across our product portfolio.

Upstream

Our long-term vertical integration involves investments through our wholly owned subsidiary, BPRL.

Gas

By FY 2028-29, we aim to triple our footprint, focusing on optimal infrastructure build-out in City Gas Distribution (CGD).

Petrochemicals

By FY 2028-29, we aim to increase our capacity by 2.4 MMTPA and enhance petrochemical intensity up to 8%.

Green Energy

By 2025, we aim to have 2 GW of renewable energy capacity. In addition, we aim to have 10 GW of renewable energy capacity by 2035.

Non-Fuel

Our targets include expanding convenience stores and Quick Service Restaurants (QSRs) in our own retail outlets.

Digital Ventures

We aim to set up digital energy ventures to serve as incubators for future unicorns in the energy space. We will focus on scaling up in-house breakthroughs and innovations.

Fueling India’s green
energy transition
Achieving
net zero

The urgency to act on climate change has never been more critical. Failure to act now could potentially lead to significant adverse impacts that will disrupt businesses and their supply chains. We are committed to being part of the solution and continue collaborating with our stakeholders on climate and nature positive actions.


Efficiency


10%
Total emissions abatement in refineries planned

Renewable Energy


2.50
GW of RE
3.30
GW solar Capacity
5.50
GW wind capacity

Green Hydrogen


15%
of total emissions abatement planned from replacement existing
Steam Methane Reforming Process (SMR) in Mumbai and Bina refineries with Green Hydrogen

Bio-CNG


30%
of total emissions abatement planned

Carbon Capture Utilization & Storage


25%
of total emissions abatement planned

Offsets


25%
Procure offsets from Indian registries or generate them through projects
FY 2023-24 Highlights

Financial
Highlights

0,00 Crore
Revenue
0 Crore
Net Profit
0 Crore
Cash flow from operating activities
0
Basic Earnings Per Share
0%
Return on Capital Employed (RoCE)

Operational
Highlights

$ 0/bbl
Highest GRM among Public Sector Undertakings Oil and Marketing Companies (PSU OMCs)
0 MMT
Highest ever refinery crude throughput
0%
Capacity utilization
0 MMT
Highest ever market sales

Sustainability
Highlights

0%
Renewable energy share in total electricity consumed by BPCL
0TKL
Wastewater recycled
0 MTCO2e
Carbon sequestration through tree plantation
0,0
Total CSR beneficiaries
0 million
Total man-hours worked in refineries without Lost Time Accident
0%
Increased customer interaction
Chairman’s Message

A cornerstone of our long-term strategy, Project Aspire with a ₹ 1.70 trillion investment, marks the initial phase of our multi decade odyssey to shape the energy of tomorrow. This, coupled with our robust balance sheet, fuels our ambition to lead the energy transition.”

G. KRISHNAKUMAR Chairman & Managing Director
About BPCL
Fueling The
Leapfrogging India

Bharat Petroleum Corporation Limited (BPCL) is India’s second largest Public Sector Oil Marketing Company (PSU OMC) and a prominent global player in the oil and gas sector, actively contributing to meet the nation’s growing energy needs to drive development.

#0
Oil Marketing Company in India by domestic sales volume
#0
Largest refining capacity in India, accounting for ~14% of India’s refining capacity in 2023
#0
Largest company in India by turnover
#0
Global ranking in the oil and gas sector by Dow Jones Sustainability Index (DJSI)
About BPCL
Portfolio Assets
REFINING & PETROCHEMICALS
  • Assets
    3 Refineries
    Strategically located
    35.30 MMT
    Refining Capacity
    0.83 MMT
    Petrochemicals capacity
  • STORAGE

    Infrastructure
    80
    Retail Depots, Installations and Tap Off Points
    54
    LPG Bottling Plants
    5
    Lube Blending Plants
  • DISTRIBUTION

    Pipeline Network
    3,537 km (including 937 km Vadinar Bina Crude Pipeline)
    Specific & Multiproduct Pipeline Network including Crude Pipelines
    29 MMTPA
    Design capacity of Pipeline Network
  • MARKETING

    Customer Access
    21,840
    Retail Outlets
    6,252
    LPG Distributors
    2,031
    CNG outlets
    52
    Gas GAs1 including JVs
    8k+
    Industrial Customers
    632
    Aviation Service Stations
  • GREEN ENERGY

    Assets
    266 MW
    Includes 94.89 MW operational, 100 MW wind, 71 MW solar under construction
    6.5 MW
    5MW Green Hydrogen plant underway in Bina Refinery and 1.5 MW Green Hydrogen refueling station at Cochin International Airport Limited (CIAL)
    26 CBG plants
    Planned in near term
    200 KLPD
    1G+2G 100 KLPD each Bioethanol plants underway in Bargarh, Odisha
  • DIGITAL

    Assets
    42 million
    Annual transactions on UFill
    6,773 TKL
    Volume through digital loyalty program per year
    60,000 crore
    Worth transactions through HelloBPCL per year
    30 crore
    LPG bookings done through digital/phone medium per year

1Geographical Areas (GAs)

2There are 4 Army Stations - Khirmu, Dahung, Missamari and Rupa not added in the count as not operated by BPCL.

Upstream Oil and Gas
Assets1
Presence in
4 continents
6 countries
Russia, Brazil, Mozambique, UAE, Indonesia, India
15 Blocks
Along with Equity Stake in 2 Russian Entities
12+ Global Partners
TotalEnergies, ONGC, Rosneft, Mitsui, OIL, BP, ADNOC, Petrobras etc.

1BPCL pursues its Upstream Business through its wholly owned Subsidiary Company -
Bharat PetroResources Limited

Read More
About BPCL
Business
Verticals
Refineries

BPCL operates at 35.30 MMTPA refining capacity with three strategically located refineries across India at Mumbai
(12 MMTPA), Kochi (15.50 MMTPA) and Bina (7.80 ММТРА).

LPG

With a customer base of over 9.35 crore, Bharatgas is a leading supplier of Liquefied Petroleum Gas (LPG) in India. With the motto ‘Cook Food Serve Love’ Bharatgas has been providing uninterrupted, safe and clean cooking fuel to millions of Indian households. Bharatgas also serves the energy needs of commercial customers.

Retail

With a total of 21,840 retail outlets in India, BPCL is providing MS, HSD, Blended fuels, Compressed Natural Gas (CNG), Lubricants, Premium fuels including Speed and Speed 97, Electric Vehicle (EV) charging facilities and other non-fuel services like BeCafe, In&Out stores, ATM facilities and many other value-added services.

Mak Lubricants

Under our renowned lubricants brand MAK, we provide advanced lubricants and greases for both, automotive and industrial segments, delivering topnotch performance even under extreme ambient and operating conditions.

Powering A
Greener Future

We explore opportunities to collaborate and contribute to climate and nature-based solutions, which helped to build new revenue streams, improve productivity and process efficiencies, mitigate risks and conserve resources.

Performance
Snapshot
0%1
Energy Efficient Lighting (EEL) at Mumbai Refinery, Bina Refinery, Pipelines, Retail, LPG, Aviation SBUs
0 MMTCO2e
Reduction in GHG Emissions
0%
Share of renewable energy in total electricity consumed by BPCL in operating
locations
0 TKL
Wastewater recycled
0 TKL
Rainwater harvested
Zero waste to landfill
Certification for all operating marketing and refinery locations2
0 MT
Plastic disposal under EPR
0 MT
Hazardous waste reused

1 Other locations have planned to achieve this target by 2025.

2 Kochi Refinery is expected to be certified by September 2024.

Empowering Teams,
Transforming Communities
Read More

We abide by the principles of human rights and ethical labor. Our commitment to societal well-being extends to our community development initiatives through which we consistently strive to create a meaningful and positive impact and contribute to sustainable development.

Performance
Snapshot
8,508
Permanent Employees
117.54 million
Man-Hours worked without Lost time Accidents (LTA) in Refineries
100%
Employees and non-permanent workers trained on health and safety measure and skill upgradation
` 158.19 crore
CSR spend
Zero RLTIFR
Reportable Lost Time Injury Frequency Rate for Employees
100%
Employees and non-permanent workers informed on human rights issues and policy
3,930 man-hours
Training hours on HSSE for 2,794 participants
> 33.70%
Purchases from MSME / MSEs against target of 25%
Leading the way in
Sustainability
Read More

Our ESG focus is a driving force guiding our investment decisions, and our risk management. We are investing in renewable infrastructure, reducing carbon emissions, enhancing energy efficiency, building a people-centric workplace and supporting community development.

Performance
Snapshot
120
Vigilance Awareness Sessions
99.82%
Customer
Complaints Closed
3
Female Directors on
the Board
100%
Operation sites assessed for risk related to corruption
100%
Board level Committees are headed by Independent Directors

Public Interest Disclosure & Protection of Informer Resolution (PIDPI) - Implemented across BPCL
Recognized for
Excellence

Our awards highlight our commitment to excellence, innovation and sustainability. Each award serves as a testament to our relentless pursuit of quality and our industry leadership.


01
We won the following FIPI Oil & Gas
Awards:
02
Brand & Public Relations
03
Retail
04
Refineries
05
Mumbai Refinery
06
Kochi Refinery
07
Bina Refinery
08
Information System
09
Health, Safety, Security And Environment
10
Lubricants
11
Corporate Research And Development Centre
12
Information Supply Chain Optimisation
13
International Trade And Risk Management
01

Recognized as ‘Oil Marketing - Company of the Year’ for leading performance in market expansion and Direct as well as Retail sales

02

Kochi Refinery won ‘Refinery of the Year’ award for performance excellence.

03

Bina Refinery won ‘Refinery of the Year’ for achieving significantly higher levels of performance in production, operational efficiencies and energy conservation, while meeting the norms of health, safety and environment protection.

04

Received a special commendation – ‘Digitally Advanced Company of the Year’ for building successful and significant presence on social media, customer service excellence and launching various effective digital campaigns.

05

Won ‘Innovator of the Year’ for honouring the commercially successful innovation for its originality, potential for replication, usefulness and value for BharatH2Sep Technology for H2 Recovery from Refinery Off-gases.

01

Public Relation Council of India (PRCI) awarded BPCL with multiple awards under several categories, including the following -

02

Won Gold in ‘Best Use of Social Media’ that recognised our ability to engage our audience through social media; ‘Best PR Case Study’ that recognised our role in promoting ‘EV Fast Charging Highway Corridors; ‘Website of the Year’ for our responsive, userfriendly, and compelling digital platform; and for our Annual Report FY 2022-23

03

Won Silver for ‘Corporate CSR Campaign’ that highlighted BPCL’s CSR initiatives

04

Won Bronze for ‘Health Care Communication Film’ highlighting BPCL’s free cancer tests to over 70,000 individuals across Maharashtra, West Bengal, and Uttar Pradesh

01

Received awards from Greentech on Digital Innovation and Customer engagement Innovation

01

BPCL refineries received awards in various categories for maintaining highest standards of governance, safety, healthcare, energy efficiency, plant maintenance and overall performance etc.

01

Global CSR Excellence and Leadership award 2023 for promoting employment for the physically challenged.

02

Greentech International EHS Award 2023

03

Prestigious IMC Ramkrishna Bajaj National Quality Award 2022 for ‘Performance Excellence’.

04

Golden Peacock Environment Management Award 2023 for sustainable environmental practices.

05

‘Climate Change Mitigation Efforts’ and ‘Innovative project of Zero Waste to Landfill’ in 10th edition of CII national awards.

01

Awarded for CSR Initiatives (Social Development) and unique flagship projects which have been continuously making sustainable development for the community by National Awards for Excellence in PSUs (National awards and world HRD congress)

01

‘Refiner of the Year’ during FY 2021-22 and 2022-23 for overall performance from Economic Times Energy Leadership Awards.

02

Felicitation by The Hon’ble Chief Minister Shri Shivraj Singh Chouhan in Feb 2023 for BPCL’s CSR healthcare initiative which supported treatment of bone marrow transplant.

01

CII DX Digital Transformation Awards 2023 for ‘Automation of sales and stock accounting’ at Company Owned Retail Outlets, ‘Innovative Practice Award’ for Non Fuel Retail Automation application and ‘Intelligent Assets Management Application’

01

Asian Oil and Gas award 2023 for Net Zero Initiative of the Year – India.

02

Climate Action Program (CAP) 2.0 award from CII.

03

‘Sustainability Performance & Water Stewardship’ and ‘Corporate Governance’ Award from Indian Chamber of Commerce.

04

Won fifth time in a row as ‘Responsible Business of the Year’ 2022-23 from SABERA, recognizing the path to achieve Net Zero.

05

Sustainable Organisations 2023 at Edge Awards by Economic Times.

01

Quality Assurance (QA) won the Gold Award for the case study presented on Quality Through Technology based on the various continuous improvement initiatives effected by QA.

01

‘New Product of the Year – India’ for K Model and ‘Digital Transformation Initiative of the Year – India’ in Asian Oil and Gas awards 2023.

02

‘Innovative practice in operational excellence’ Award for “YP Model” an Artificial Neural Network (ANN)-based yield prediction tool designed for Fluid Catalytic Cracker (FCC) at CII Digital Transformation (DX) Awards 2023.

03

‘Best Paper Presentation Award’ for Promoting clean cooking in India - One step towards Net Zero.

01

‘Best-In-Class Excellence in Cost Management’ at 15th ELSC leadership awards.

01

‘Masters of Risk – Large Cap Category’ - a top spot among large cap PSU companies, at the prestigious 10th edition of the CNBC TV18 India Risk Management Awards.