{"id":514167,"date":"2022-08-16T11:12:47","date_gmt":"2022-08-16T05:42:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=514167"},"modified":"2022-08-16T11:12:47","modified_gmt":"2022-08-16T05:42:47","slug":"bpcl-to-spend-rs-1-4-lakh-cr-on-petchem-gas-business","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-to-spend-rs-1-4-lakh-cr-on-petchem-gas-business\/","title":{"rendered":"BPCL to spend Rs 1.4 lakh cr on petchem, gas business"},"content":{"rendered":"<p>State-owned Bharat Petroleum Corporation Ltd (BPCL) will invest Rs 1.4 lakh crore in petrochemicals, city gas and clean energy in the next five years as it looks to non-fuel businesses for growth. BPCL NSE 1.08 %, the nation&#8217;s second-biggest oil refining and fuel marketing company, is &#8220;recalibrating its strategies to leverage emerging opportunities while mitigating risks,&#8221; its chairman and managing director Arun Kumar Singh said in the firm&#8217;s latest annual report.<\/p>\n<p>As countries across the world opt for cleaner, carbon-free fuel, oil companies are looking at businesses to de-risk their mainstay hydrocarbon operations. Gas is being seen as a transition fuel as electric mobility and hydrogen pick pace.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Bharat Petroleum Corporation Ltd (BPCL) will invest Rs 1.4 lakh crore in petrochemicals, city gas and clean energy in the next five years as it looks to non-fuel businesses for growth. BPCL NSE 1.08 %, the nation&#8217;s second-biggest oil refining and fuel marketing company, is &#8220;recalibrating its strategies to leverage emerging opportunities while mitigating risks,&#8221; its chairman and managing director Arun Kumar Singh said in the firm&#8217;s latest annual report. As countries across the world opt for cleaner, carbon-free fuel, oil companies are looking at businesses to de-risk their mainstay hydrocarbon operations. Gas is being seen as a transition [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-514167","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/514167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=514167"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/514167\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=514167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=514167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=514167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}