BPCL plan Rs 12,000 crore capex for FY22, defers new projects
State run-oil marketing company Bharat Petroleum Corporation Ltd (BPCL NSE 1.25 %) plans to invest Rs 12,000 crore in capital expenditure in 2021-22 on ongoing projects but has put other planned projects on the backburner due to concerns over fuel demand, a top executive from the company told reporters.
The company invested Rs 11,000 crore on capex in 2020-21. BPCL management also said that it has no plans to sell its stakes in Indraprastha Gas NSE 0.00 % (IGL) or Petronet LNG NSE 0.23 %, both listed entities, even as the state-run oil marketing major goes for privatisation.
