Mumbai: State-run Bharat Petroleum Corporation Ltd will spend ₹8,000 crore to meet its capital expenditure this fiscal.
Of this planned layout, BPCL has already spent ₹1,760 crore during the first quarter of this fiscal. It will spend ₹300 crore for laying pipelines, ₹2,500 crores towards marketing and research and development, ₹200 crore towards gas business, ₹800 crore for exploration and production and ₹2,125 crore towards miscellaneous expenses.
The company will commission around 6,000 retail outlets over the next three years, that is approximately 2,000 retail outlets every year. Currently, BPCL has about 14,900 outlets.
