MUMBAI: State-run Bharat Petroleum (BPCL) plans to invest Rs 50,000 crore in the next five years for expansion of refinery capacity, overseas acquisitions of oil and gas assets and setting up power projects, say two senior officials.
BPCL plans Rs 50k-cr expansion - Economic Times
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MUMBAI: State-run Bharat Petroleum (BPCL) plans to invest Rs 50,000 crore in the next five years for expansion of refinery capacity, overseas acquisitions of oil and gas assets and setting up power projects, say two senior officials. “About Rs 28,000 crore will be invested for expansion of refinery capacity and upstream activities while the remaining will finance explorations and production activities in foreign markets as well as entry into power business” the newly appointed chairman, S Radhakrishnan told ET. Mr Radhakrishnan, who elevated to chairman from marketing director after Ashok Sinha retired last month, said the proposed expansion was aimed at scaling up revenue, which will further propel the company’s growth in new businesses. A detailed five-year plan beginning April next year, will be chalked shortly, he added.BPCL plans Rs 50k-cr expansion - Economic Times
