BPCL to invest Rs 1.4 trillion in next five years: Gas, renewables, e-mobility among focus areas
State-owned oil marketing firm Bharat Petroleum Corporation (BPCL) plans to invest Rs 1.4 trillion in the next five years in six strategic areas, including gas, renewables and e-mobility, aimed at diversifying and creating additional revenue streams to hedge against any future decline in the liquid fuel business.
“While the core businesses of refining and marketing of petroleum products continue to serve as a solid foundation, providing stability and consistent cash flows; the company has laid out a detailed roadmap under each of these strategic areas and has planned a capex outlay of around Rs 1.4 lakh crore in the next five years,” BPCL CMD Arun Kumar Singh said in the company’s latest annual report.
