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’.
We aim to build a resilient infrastructure with continuous upgrades and installing advanced technology in refineries.
We aim to become a market leader across all our business segments through brand building, extensive communication, premiumization across our product portfolio.
Our long-term vertical integration involves investments through our wholly owned subsidiary, BPRL.
By FY 2028-29, we aim to triple our footprint, focusing on optimal infrastructure build-out in City Gas Distribution (CGD).
By FY 2028-29, we aim to increase our capacity by 2.4 MMTPA and enhance petrochemical intensity up to 8%.
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.
Our targets include expanding convenience stores and Quick Service Restaurants (QSRs) in our own retail outlets.
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.
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.
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.”
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.
1Geographical Areas (GAs)
2There are 4 Army Stations - Khirmu, Dahung, Missamari and Rupa not added in the count as not operated by BPCL.
1BPCL pursues its Upstream Business through its wholly owned Subsidiary Company -
Bharat PetroResources Limited
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).
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.
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.
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.
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.
1 Other locations have planned to achieve this target by 2025.
2 Kochi Refinery is expected to be certified by September 2024.
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.
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.
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.
Recognized as ‘Oil Marketing - Company of the Year’ for leading performance in market expansion and Direct as well as Retail sales
Kochi Refinery won ‘Refinery of the Year’ award for performance excellence.
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.
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.
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.
Public Relation Council of India (PRCI) awarded BPCL with multiple awards under several categories, including the following -
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
Won Silver for ‘Corporate CSR Campaign’ that highlighted BPCL’s CSR initiatives
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
Received awards from Greentech on Digital Innovation and Customer engagement Innovation
BPCL refineries received awards in various categories for maintaining highest standards of governance, safety, healthcare, energy efficiency, plant maintenance and overall performance etc.
Global CSR Excellence and Leadership award 2023 for promoting employment for the physically challenged.
Greentech International EHS Award 2023
Prestigious IMC Ramkrishna Bajaj National Quality Award 2022 for ‘Performance Excellence’.
Golden Peacock Environment Management Award 2023 for sustainable environmental practices.
‘Climate Change Mitigation Efforts’ and ‘Innovative project of Zero Waste to Landfill’ in 10th edition of CII national awards.
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)
‘Refiner of the Year’ during FY 2021-22 and 2022-23 for overall performance from Economic Times Energy Leadership Awards.
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.
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’
Asian Oil and Gas award 2023 for Net Zero Initiative of the Year – India.
Climate Action Program (CAP) 2.0 award from CII.
‘Sustainability Performance & Water Stewardship’ and ‘Corporate Governance’ Award from Indian Chamber of Commerce.
Won fifth time in a row as ‘Responsible Business of the Year’ 2022-23 from SABERA, recognizing the path to achieve Net Zero.
Sustainable Organisations 2023 at Edge Awards by Economic Times.
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.
‘New Product of the Year – India’ for K Model and ‘Digital Transformation Initiative of the Year – India’ in Asian Oil and Gas awards 2023.
‘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.
‘Best Paper Presentation Award’ for Promoting clean cooking in India - One step towards Net Zero.
‘Best-In-Class Excellence in Cost Management’ at 15th ELSC leadership awards.
‘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.