NEW DELHI: State-run Bharat Petroleum Corporation Ltd on Monday unveiled a Rs 1.5 lakh crore, or a little more than $18 billion, roadmap to strengthen its core oil and gas business as well as energy transition initiatives with an eye on becoming net zero by 2040.
The planned capex outlay will enable BPCL to “create long-term value for our stakeholders while preserving our planet for future generations,” company chairman G Krishnakumar told shareholders at the annual general meeting.
The investment will be made under ‘Project Aspire’, a strategy that he said was aimed at tweaking the company’s focus areas in accordance with latest energy industry trends and government policies.
