Future-ready: BPCL plans Rs 1-lakh-crore investment in 5 years
Privatisation-bound Bharat Petroleum (BPCL) has drawn up plans to invest over Rs 1 lakh crore in the next five years, as the country’s second-largest fuel retailer shifts focus towards petrochemicals, renewables, electric mobility and other alternative fuels. Chairman Arun Kumar Singh told reporters on Monday after the annual general meeting that the company was looking to create a 1,000 MW portfolio of renewable power generation capacity, mostly through acquisitions while it would also invest in bio-fuels and hydrogen.
The break-up of the investment plan includes: petrochemical capacity and improving refining efficiencies (Rs 30,000 crore) and gas proliferation (Rs 20,000 crore).
