BPCL bets big on India’s energy transition with Rs 1.7 lakh crore investment plan
Bharat Petroleum Corporation Ltd (BPCL) has unveiled an ambitious capital investment programme of over Rs 1.70 lakh crore to drive its transition toward a multi-energy future by 2027.
The plan covers key areas such as expanding refining and upstream capacity — including increasing its 35.3 MMTPA refining capacity through upgrades at Mumbai, Kochi and Bina refineries. A new 9 MMTPA greenfield refinery in Andhra Pradesh worth around Rs 90,000 crore is also planned.
BPCL aims to strengthen its petrochemical business through a Rs 5,000 crore polypropylene plant in Kochi and a Rs 49,000 crore ethylene cracker and petrochemical complex at Bina.
These projects will raise its petrochemical capacity to 3.2 MMT and contribute around 8 percent of revenue by FY29.
In renewables and future fuels, BPCL is expanding its network of multi-energy stations offering CNG, LNG, EV charging and battery swapping.
It already operates over 6,500 EV charging points — the highest among oil marketing companies — and targets 10 GW of green energy capacity by 2035. A 5 MW green hydrogen plant at Bina is operational, and a green hydrogen refuelling station is being developed near Kochi.