Bharat Petroleum

Bharat Petroleum Corporation Limited
भारत पेट्रोलियम निगम लिमिटेड

Type	Public
Traded as	BSE: 500547 NSE: BPCL
Industry	Oil and gas
Headquarters	Mumbai, Maharashtra, India
Key people	D Rajkumar (Chairman & Managing Director)
Products	Petroleum, natural gas, and other petrochemicals
Revenue	₹240,367 crore (US$37 billion) (2015)[1]
Operating income	₹9,777 crore (US$1.5 billion) (2015)[1]
Net income	₹5,082 crore (US$790 million) (2015)[1]
Total assets	₹44,866 crore (US$7.0 billion) (2015)[1]
Owner	Government of India (54.93%)
Number of employees	13,535 (2016)[1]
Website	www.bharatpetroleum.com

Bharat Petroleum Corporation Limited (BPCL) is an Indian state-controlled oil and gas company headquartered in Mumbai, Maharashtra. The Corporation operates two large refineries of the country located at Mumbai and Kochi. The company is ranked 358th on the Fortune Global 500 list of the world's biggest corporations as of 2016.^[2]

History

In 1889 during vast industrial development, an important player in the South Asian market was the Burmah Oil Company. Though incorporated in Scotland in 1886, the company grew out of the enterprises of the Chef Rohit Oil Company, which had been formed in 1871 to refine crude oil produced from primitive hand dug wells in Upper Burma.

In 1928, Asiatic Petroleum Company (India) started cooperation with Burma oil company. This alliance led to the formation of Burmah-Shell Oil Storage and Distributing Company of India Limited. Burmah Shell began its operations with import and marketing of Kerosene.

On 24 January 1976, the Burmah Shell was taken over by the Government of India to form Bharat Refineries Limited. On 1 August 1977, it was renamed Bharat Petroleum Corporation Limited. It was also the first refinery to process newly found indigenous crude Bombay High.

In 2003, following a petition by the Centre for Public Interest Litigation, the Supreme Court restrained the Central government from privatizing Hindustan Petroleum and Bharat Petroleum without the approval of Parliament.^[3] As counsel for the CPIL, Rajinder Sachar and Prashant Bhushan said that the only way to disinvest in the companies would be to repeal or amend the Acts by which they were nationalized in the 1970s.^[4] As a result, the government would need a majority in both houses to push through any privatization.^[5]

Company History - Bharat Petroleum Corporation Ltd

1928

-Bharat Petroleum Corporation (BPCL) traces its history to 1928 when the Burmah Shell Oil Storage & Distribution Company of India was incorporated in England to enter the petroleum products business in India. The business of the Company grew substantially given the international backing of Shell and it achieved the leadership position in India. In 1952, Shell and Burmah Oil Company set up Burmah Shell Refineries to set up a refinery in Mumbai. The entire operations of Burmah Shell in India were nationalised in 1976 and the Refinery and Marketing Companies were merged to form BPCL.

1952

- The Company was incorporated on 3 November 1952 under the name Burmahshell Refineries Limited (BSR). The Burmah Shell as Storage & Distributing Company of India, Ltd., a foreign company established in England in 1928 was carrying on in India the business of distributing and marketing petroleum products and for that paurpose established places in India.

1955

- The Company has a well established refinery at Mahul, Chembur (Mumbai) which has commissioned in January.

- The company's refinery in Bombay was commissioned in 1955. It introduced LPG as a cooking fuel to the Indian home and all along, it went beyond selling petroleum, to educate the customer.

1976

- The companies name changed to Bharat Refineries Limited (BRL) on 12th, February 1976.

1977

- Companies name changed to its present name (BPCL) on 1 August.

1979

- Pursuant to an agreement dated 23.12.79 bet ween Govt. of India and BSM, the Shell Petroleum Co. Ltd., the Burmah Oil Co. Ltd., and the Burmah Shell Refineries Ltd., the Govt. of India acquired 100% equity share holdings of BSR on 24 January 1976. Simultaneously also acquired the right to title and interest and liabilities of BSM in relation to its undertakings in India.

1992

- During the year the company commissioned 50 retail outlets including 9 in rural areas and 7 superior kerosene oil/light deisel oil dealerships. The total number of retail outlets/light diesel oil dealership at the end of the year stood at 4,090 and 928 respectively.

- During the year, 20% of the shares were sold by the govt. to various financial institutions and Mutual Funds. Thus presently the President of India holds 80% of the paid up capital.

1993

- During the year, the company installed microprocessor based digital integrated distributed control system in catalytic reformer and new solvent unit which replaced the pneumatic control system. Also installed advanced control system for catalytic control unit.

1994

- During the year, the corporation commissioned 124 retail outlets and 10 oil/light diesel oil dealership.

- On 25 February, a joint venture company `Bharat Oman Refineries Ltd' was incorporated. And was set up as a joint venture between Omen oil Co. Ltd and the Corporation.

- During the year, Bharat Shell Ltd. was promoted by the company and Shell Overseas Investments, B V Netherlands for marketing shell branded lubricants in the country.

1995

- During 95-96, a 6 MMTPA joint venture refinery being set up with Oman Oil Company Ltd. at Bina in M.P.

- A MOU was signed on March between the corporation and Pepsi Foods Ltd. pursuant to which customers cars drive upto select retail outlets for chilled pepsi distribution.

- Bharat Petroleum Corporation Ltd., and Bank of Baroda have signed an MOU to launch the first Co-Branded Credit Card in the country which enables customers to buy petrol, diesel, lubricants and other regular commodities. The cards will carry BPCL and BOB logos and will have two categories - Premium and Regular. The cards can also be used by corporate houses as a facility to its executives for reimbursement of their fuel cost.

1996

- During the year, the corporation commissioned 61 retail outlets and 12 SKO/LDO dealerships. During the year Petronet India Ltd. was set for developing and laying a network of petroleum product pipelines in the country.

- During the year, LPG port terminal was commissioned at Okha in Gujarat, in October, with a storage capacity of 900 MT of LPG.

- The company embarked upon a strategic change plan in 1996. The organisation structure has been revamped and six Strategic Business Units have been created. The new structure is based on business processes, is flexible, more responsive to external changes, has fewer layers, and above all, ensures a much higher customer focus. 1997

- During the year corporation, has entered into a Memorandum of Understanding (MOU) with the Ministry of Petroleum & Natural Gas (MOP&NG). The performance rating awarded to BPC was "Excellent" for the year ended March 31, 1996. - Bharat Petroleum Corporation Ltd.(BPCL), has launched Apollo air stations at its petrol pumps in Mumbai. The company had signed a memorandum of understanding recently with Apollo Tyres to provide efficient air facility to customers through BPCL's retail network. - Sanghi Group of industries has signed a Memorandum of Understanding with Bharat Petroleum Corporation Limited. Under the agreement, BPCL will set up huge infrastructural facilities to ensure uninterrupted supply of fuels for various mega projects being undertaken by the Sanghi group including a cement plant, a petrochemical complex and a 100 per cent EOU spinning unit. - Bharat Petroleum Corporation Ltd. (BPCL), is setting up a six million tonne per annum refinery at Bina, in Madhya Pradesh. The corporation also envisages a single point mooring and a crude oil terminal at Vadinar and a cross country crude oil pipeline from Vadinar to Bina. - ONGC is joining hands with Bharat Petroleum Corporation Ltd (BPCL) for a Rs 2,552,-crore petrochemical project in Hazira, Gujarat. - An agreement to supply around 80,000 tonnes of naphtha per annum for the 230-MW combined cycle power project at Jegurupadu in East Godavari district of Andhra Pradesh, has been signed between GVK Industries Ltd and Bharat Petroleum Corporation Ltd (BPCL). - The public sector Bharat Petroleum Corporation Ltd (BPCL) proposes to lay a pipeline from Cochin to Karur via Coimbatore to transport petrol, high speed diesel and kerosene. - The Gas Authority of India Ltd (GAIL) and Bharat Petroleum Corporation Ltd (BPCL) signed a memorandum of understanding (MoU) on September 9 for setting up a joint venture to supply pipeline cooking gas in the Capital. - Bharat Petroleum Corporation Ltd (BPCL) and the UK-based global oil major - Shell, are likely to float a new company for setting up the seven million tonnes per annum (mtpa) grassroot refinery at Uttar Pradesh. - State-owned Bharat Petroleum Corporation Ltd (BPCL) has made tentative plans to shut its 120,000 barrel-per-day (bpd) refinery in Mumbai in November or December 1998 for maintenance. - Between January and February, Bharat Petroleum Corporation Ltd had closed its crude distillation unit and 18,000 bpd fluid catalytic cracker. Its 12,000 bpd cracker was shut in May for 30–35 days. - Bharat Petroleum Corporation Ltd is to increase its tankage capacity of petroleum products in the eastern region in the Ninth Plan by setting up new terminals involving an expenditure of about Rs 300 crores.

- The company is to set up new terminals at Budge Budge, Haldia and Alipurduar in West Bengal, Jashidih, Gaya, Barauni and Ranchi in Bihar, Balasore, Sambalpur, Rourkela, Rayagada and Paradeep in Orissa besides Lumding and Guwahati.

- Bharat Petroleum Corporation Ltd (BPCL), the second largest oil marketing public sector company, has signed a fuel supply agreement with Atria Power Corporation Ltd to generate 103 MW of power at Harihar, in its commitment to bring more power to Karnataka.

- It is also proposed to set up a hospital and build a residential colony in the 3500 acre land of the two projects.

1998

- The Karnataka Power Corporation Limited (KPCL) entered into a fuel supply agreement with Bharat Petroleum Corporation Ltd for its 300-mW joint venture power project at Bidadi.

- The company will open five new, state-of-the-art, self servicing and automatic cut off nozzle facility petrol and diesel bunks in the city.

- Bharat Petroleum Corporation Ltd (BPCL) has entered into an agreement with Herdillia Chemicals Ltd for supply of 10,000 metric tonnes of naphtha for its proposed 5.5MW power project at Turbhe in Navi Mumbai. - Shell and BPCL will hold a 26 per cent stake each in the refinery project. The remaining 48 per cent will be held by institutions and the public. - The joint venture has received a letter of intent for setting up the refinery in Uttar Pradesh and government approval for direct foreign investment.

- Bharat Petroleum Corporation Ltd (BPCL) has launched its new lubricants in Calcutta from February 5.

- Shalivahana Power Corporation Ltd (SPCL) has signed a fuel supply agreement (FSA) with Bharat Petroleum Corporation Ltd (BPCL) for the supply of furnace oil to its 33 MW mini-power plant to be set up at Ghatkesar.

- PIL is a 50:50 joint venture between Bharat Petroleum and Gujarat Gas.

- Bharat Petroleum Corporation Ltd (BPCL) has commissioned its Rs.450-crore Mumbai-Manmad pipeline.

- The Bharat Petroleum Corporation Ltd workers on April 7, observed strike throughout the country in protest against the managements reported move to damage the corporation.

- BPCL commissioned the first phase of its second coastal storage facility on the east coast at Haldia, West Bengal.

- BPCL is the only company among the three integrated refining and marketing companies - the others being HPCL and Indian Oil Corporation (IOC) - which has had a strong focus on marketing activities.

- BPCL (Bharat Petroleum Corporation Ltd.) has begun a New Marketing chapter with clear strategies and initiatives for Lubricants.

- Bharat Petroleum Corporation Limited (BPCL) has tied up with Petronet India Limited, the oil-pipeline holding company, to form a joint venture for a 308-km pipeline from Kochi to Karur in Tamil Nadu.

- BPCL and Petronet India Ltd, will each take a 26 per cent equity stake, Cochin Refineries is expected to subscribe to 23 per cent of the equity and the balance 25 per cent will be held by other investors. The total equity will be Rs.140 crore with a 3:1 debt equity ratio.

- Bharat Petroleum Corporation Ltd (BPCL) has entered into in joint venture with Petronet (India) Ltd for the construction of a 308 km pipeline from Kochi in Kerala to Karur in Tamil Nadu.

- The company is India's second largest oil company in terms of market share. - BHARAT Petroleum Corporation Ltd proposes to set up a petrochemical complex, based on a naphtha cracker of 5,00,000-MTPA-ethylene capacity, using low aromatic naphtha available from indigenous/imported sources. It will be set up at a coastal location in Tamil Nadu. BPCL has obtained the "Letter of intent" from the Government of India for manufacture of the products. - BPCL is also setting up a three mtpa refinery at Numaligarh in Assam in a joint venture with IBP Co Ltd and the Government of Assam.

- BPCL has also successfully entered into fuel supply agreements with 22 independent power plants and four captive power plants for the supply of 1.1 mmtpa of naptha and 0.8 mmtpa of furnace oil.

- The company has commissioned the 250-km Mumbai-Manmad product pipeline, which has augmented its supply and distribution network.

- Bharat Petroleum Corporation (BPCL) is the third largest oil refining and marketing company in the country.

- INDRAPRASTHA Gas Limited, a joint venture between Bharat Petroleum Corporation (BPCL) and the Gas Authority of India (GAIL) is set to revolutionalise transportation in New Delhi.

- Bharat Petroleum Corporation Ltd has bagged the fuel supply contract for Kerala State Electricity Board's Kozhikode diesel power project at Nallalam.

1999

- Bharat Petroleum Corporation Ltd (BPCL) is setting up its LPG bottling plant in Hoskote Taluk near Bangalore.

- Bharat Petroleum Corporation Ltd (BPCL) has commissioned a hydrant fuelling system for aircraft at the Cochin International Airport (CIAL).

- BPCL has taken six per cent equity in the paid-up capital of the airport.

- Bharat Petroleum Corporation Ltd's (BPCL) joint venture with Oman Oil Co. for setting up a six-million tonne refinery at Bina in Madhya Pradesh is expected to achieve financial closure within a month, said Mr. A. Sinha, BPCL's Finance Director.

- In an attempt to set up its naphtha-fired 200-MW project at top speed, the KPC Bidadi Power Corporation (KBPCL) entered into a fuel supply agreement (FSA) with Bharat Petroleum Corporation Ltd (BPCL) for the supply of 25,0900 mtpa of naphtha.

- Jawaharlal Nehru Port Thrust (JNPT) and Bharat Petroleum Corporation (BPCL) signed a license agreement for development of a liquid cargo jetty at Jawaharlal Nehru Port.

- Bharat Petroleum Corporation (BPCL) is exploring the option of extending a crude pipeline from its Bina refinery in Madhya Pradesh to Allahabad where it proposes to set up another seven-million-tonne refinery. - The company proposes to construct a crude-oil terminal in Gujarat from where crude will be transported through a pipeline to Bina. - BPCL has introduced the `smart-card' technology at retail outlets in Chennai. - BPCL has also entered into a marketing agreement with Reliance Petroleum Ltd for distributing 25 per cent of its production. - ICICI Bank Ltd has tied up with Bharat Petroleum Corporation Ltd (BPCL) to install off-site ATMs at the company's petrol outlets.

2000

- The Company has entered into a Memorandum of Understanding with the ministry of petroleum & Natural gas for the year 2000-01. The Company has been awarded the `Excellent' rating and has been among the top-10 MoU-signing public sector companies in 1998-99.

- Bharat Petroleum Corporation Ltd., the Country's second-largest oil company, announced the launch of its `Petro Card' for the retail market in Gujarat.

- Burger giant McDonald's has tied up with oil major Bharat Petroleum Corporation (BPCL) to open and run restaurants at selected petrol pumps across the country.

- The Company is mulling over a voluntary retirement scheme for its 3000-odd middle-level management staff.

- The Company signed a Transport Service Agreement with Gas Authority of India Ltd on 1 August.

- Bharat Petroleum Corporation Ltd., in association with Iftex Petrochemicals Ltd., launched `Bharat Iftex', a co-branded multi functional additive (MFA).

- The Company will issue bonus shares in the ratio of one equity share for every one share held.

- SurfGold.com, the loyalty solution provider an alliance with Bharat Petroleum as one of its major Indian redemption partners.

- The Workers, of the Marketing Division of the Company went on one-day strike on 19 October affecting the normal operations in offices and establishments at Mumbai, Kandla, Solapur, Jalgaon, Jabalpur and Manmad.

- Big Mac has tied up with Bharat Petroleum Corporation for a highway complex on the Delhi-Agra highway, near Mathura.

- Bharat Petroleum Corporation has offer bonus equity to its shareholders at a ratio of one bonus share for every one share held.

- The Company has been presented the FICCI award 1999 - 2000 for 'Corporate initiatives in the field of rural developments'.

- Bharat Petroleum Corporation Ltd (BPCL) has launched yet another card product, SmartFleet, aimed at fleet owners and corporates.

- During 2000-01 the company issued bonus shares in the ratio of 1:1, thereby enhancing its equity capital to Rs 300 crore. Also Recently it acquired 55% stake in Kochi Refinery Limited (KRL) from the Government of India and 19% in Numaligarh Refinery Limited (NRL) from IBP.

The company has launched 'Smart fleet', a programme for fleet owners and corporates and the same received an enthusiastic response from over 2500 clients.

-The company has 'Petrocard', an customer loyalty programme, had enrolled over 2.25 lakh customers by theend of March 2001.

2001

- The Company has launched the co-branded SmartFleet card along with Tata Finance, a smart card targeted at vehicle fleet owners and corporates.

- BPCL has tied up with Quicky's, the global coffee chain, Pepsi Foods India and Kwality Walls for providing beverages soft drinks and ice-creams at its petrol pumps.

- Standard Chartered Bank, HDFC Bank and Bharat Petroleum Corporation have joined the eCash Forum which has been set up by the Smart Card Forum of India.

- Bharat Petroleum Corporation Ltd. has proposed to acquire the entire equity share holding of the Government of India in Kochi refineries Ltd. - Shell Aviation Ltd has appointed Bharat Petroleum Corporation Ltd (BPCL) as the sole distributor for Shell brands of aero lubes in India. BPCL has signed a contract with Shell Aviation for distribution rights for the next five years.

-'In & Out', a convenience retailing proposition, was selectively launched in 14 retail outlets during the year. This proposition includes utility payments, courier service, ATMs, a coffee shop, music counters, impulse stores, etc.

2002

- S Vijayaraghavan appointed as Additional Director on Board of BPCL

-M B Lal Director (Refineries) relinquishes office from BPCL.

- Tata Engg, BPCL ties up to market co-branded lubricants.

- Mr U Sundararajan has retired from the office of the Chairman & Managing Director, BPCL. Mr S Behuria, Director (Marketing) has taken over as Chairman & Managing Director of BPCL w e f July 1, 2002.

- BPCL introduced premium grade petrol "Speed" in Mumbai.

- SCI tie-up with BPCL for crude transportation.

- BPCL introduced 5 kg cylinder for rural market.

- BPCL ties up with Cafe Coffee Day to open Cafe Coffee Day outlets in select In&Out BPCL petrol pumps.

-Bharat Petroleum Corporation Ltd informed that Shri S Radhakrishnan, Executive Director (Marketing Coordination) has been appointed as Director on the Board of the company and he has taken over as Director (Marketing) with effect from November 1, 2002.

- Mr. Mukesh Rohatgi, Executive Director (Refinery) has been appointed as Director on the Board of the BPCL and he has taken charge as Director (Refineries) w.e.f. November 14, 2002. Mr. Naresh Narad, Special Secretary, Ministry of Petroleum & Natural Gas, Government Nominee Director on the Board of BPCL has relinquished the Directorship w.e.f. November 11, 2002 on his appointment as Secretary, Ministry of Heavy Industries & Public Enterprises.

- ALF ties up with BPCL to launch 'affinity cards'

2003

- The board of Bharat Petroleum Corporation (BPCL) is being restructured with the induction of four new non-executive directors. The directors, all professionals of long standing, are the former chairman of Indian Oil MA Pathan, former chairman of Indian Airlines PC Sen, former chairman of railway board BD Gupta and director of the Indian Institute of Management, Kozhikode, AH Kalro.

- BPCL & ONGC signs agreement to sale crude oil for a period of 2 years

- Bharat Petroleum (BPCL) has forged an alliance with Petrovietnam for the purpose of supplying 200,00 tonnes of naptha in the next 9 months.

- BPCL ties up with HLL for marketing durables, FMCG products via LPG outlets.

- BPCL launches 'Speed '93'

- Hyderabad: Bharat petroleum corporation Ltd (BPCL) has rolled out its new plan for Bharatgas customers. The new offer called 'Beyond LPG' was unveiled in twin cities which comes with value added services where customers can get the benefit of discounts ranging from 10-20 percnt on all FMCG branded utensils.

- Bharat Petroleum Corporation Ltd has informed that Shri S Vijayaraghavan, Joint Secretary, Ministry of Petroleum & Natural Gas Government Nominee Director on the Board of the company has resigned from office of director wef September 2, 2003.

Dr P N Khandwalla, Shri P P Kaliaperumal & K Vasudeva Part Time Non Official directors have resigned from office of director wef September 4, 2003

Shri V D Gupta Shri P C Sen & A H Kalro are appointed as part-time non official directors of the company wef September 5, 2003.

-the company has launched premium petrol, 'Speed' on September 9 in Visakhapatnam. The premium petrol is priced marginally higher than the ordinary fuel. The fuel is for the new generation cars and two-wheelers.

- The company has tied up with Hindustan Lever Ltd and three other kitchenware brands for selling grocery items to its LPG customers through its distributor network. the consumers can order all HLL products besides kitchenware from Hawkins, Prestige and Nirlep from Bharatgas distributors in select cities.

-Formed a strategic pact with Honda Siel to help launch gensets and geysers that run on LPG.

-Shri A K Srivastava, Joint Secretary, Ministry of Petroleum & Natural Gas has been appointed as Director—BPCL bags third slot among `Top 10' in Asiamoney's corporate governance poll on Asian companies in the energy sector. And joined the club of a select few Asian companies.

-Bharat Petroleum Corporation (BPCL) and Oil and Natural Gas Corporation (ONGC) signed an agreement to cooperate with each other through sharing of their core strengths for exploration and production, and downstream oil refining and marketing.

2003

-Bharat Petroleum Corporation Ltd (BPCL) successfully completes its first swap transaction, making it the first public sector oil company to enter into an interest rate derivative transaction

2004

-Bharat Petroleum Corporation is negotiating a five-year agreement with Reliance Industries to buy products from its Jamnagar refinery. A previous product-sourcing agreement between the two companies expires on March 31, 2004.

- IDBI Bank on January 15 said that it has entered into a business-to-business (B2B) e-commerce arrangement with oil major Bharat Petroleum Corporation Ltd (BPCL) to provide an automated payment and purchase process to the BPCL's corporate and industrial clients.

-BPCL signs an initial contract with Saudi Aramco

- Tie up with Tata Consultancy Services to provide medical advisory and counselling services at Ghar, the highway retailing initiative of BPCL.

-Kochi Refineries Ltd (KRL) signs a memorandum of understanding with Bharat Petroleum Corporation Ltd regarding capacity utilisation and other production and performance parameters

-Forges alliance with E-Charge Tech Private Limited to distribute electronically pre-paid products like mobile cards, internet cards and calling cards, making it the first company in India to electronically distribute the pre-paid products

-- GAIL India Limited has signed two joint venture agreements with Bharat Petroleum Corporation (BPCL) for implementation of city gas projects in Kanpur and Pune -Bharat Petroleum Corporation Ltd (BPCL) opened Mak Lubeshoppe at Akkayyapalem here on July 29

-Bharat Petroleum has launched another brand `Hi Speed Diesel'

-BPCL forges alliance with poultry association in Namakkal

-Speed ties up with consortium to sponsor domestic motor racing

-Bharat Petroleum Corporation Ltd (BPCL) has entered into a marketing tie-up with automobile manufacturer Tata Motors for marketing of engine oils as co-branded lubricants for their commercial vehicles

2005

- BPCL launches Speed 97, its new brand of high-octane petrol mixed with lubricant additives, meant to improve vehicle performance

-Bharat Petroleum Corporation Ltd has launched a new concept of `Vehicle Care Centres' at its retail outlets

-Madhya Pradesh Government signs a memorandum of understanding (MoU) with Bharat Oman Refineries Ltd to set up a six-million-tonne per annum refinery at Bina on May 6, 2005

2006

-Bharat Petroleum Corporation Ltd (BPCL) has announced that the Company & MMTC have jointly decided to work together in the area of domestic and international marketing of hydro-carbon by leveraging their core business strength in the global commodity trading.

-Bharat Petroleum Corporation Ltd (BPCL) has announced that the Company has entered into an MOU with Petroleo Brasileiro SA (Petrobras),

-BPCL acquires first Nigerian Erha cargo

-BPCL has informed that Shri. D N Narasimha Raju, Joint Secretary, Ministry of Petroleum & Natural Gas (MoP&NG) has been reappointed as Additional Director effective December 18, 2006.

2007

-Bharat Petroleum Corporation Ltd (BPCL) has informed that Prof N Venkiteswaran, has been appointed as Additional Director effective July 16, 2007.

-BPCL acquires interest in North Sea basin

-BPCL to offload 49-pc stake in Bharat Shell

2008

-Bharat Petroleum Corporation Ltd (BPCL) has appointed Ms. Rama Bijapurkar and Shri. S K Barua as Additional Director w.e.f. May 20, 2008.

-BPCL venture to infuse Rs 2,200cr in bio-diesel project

-Bharat Petroleum Corporation Limited (BPCL) is mulling to establish a 5-Mw wind power farm in Andhra Pradesh.

-Bharat Petroleum Corporation Ltd has unveiled a GPS-technology based vehicle tracking system for its 5,200 tanker trucks fleet.

2009

-Bharat Petroleum Corporation Ltd (BPCL) has informed BSE that BPCL, Oman Oil Company (OOC) and Bharat Oman Refinery Ltd. (BORL) have signed an agreement on November 15, 2009 in Oman related to additional investment by OOC in BORL.

-BPCL Farm-in into the Nunukan PSC in Indonesia

2010

-Bharat Petroleum Corp Ltd (BPCL) stated that natural gas reserves have been discovered in a block off Mozambique where it has a minority stake.

-BPCL announces successful pre-salt flow test offshore Brazil

-Bharat Petroleum Corporation Ltd (BPCL) commissioned its international bunkering facilities at the Kochi port.

-BPCL enters into agreement with M/s. Norwest to acquire Shale Gas acreages in Australia"

-BPCL announces Major Natural Gas discovery in offshore Mozambique.

-BPCL discovers hydrocarbon in ultra deep water of Sergipe-Alagoas Basin, Brazil.

-BPCL announces Oil and Gas discovery in Offshore Indonesia

-BPCL appoints R K Singh as new BPCL chairman

-Bharat Petroleum walked away with two prestigious Communication Awards at the Golden Jubilee function of the Annual Association of Business Communicators of India (ABCI) Awards Nite held at the Taj Mahal Hotel

-BPCL won the Silver Award for our Inhouse Publication, Petro Plus and the Bronze Award for our Online Web Campaign

-Bharat Petroleum was awarded the 1st position under the Best Display in Raw Space category during a spectacular awards ceremony at the recently concluded Petrotech-2010 exhibition at Pragati Maidan, New Delhi. The theme this year was Global Energy Equilibrium.

-BPCL corporate website www.bharatpetroleum.in bagged the first prize in the category ‘Most user friendly website (editors choice) in the India eGov 2.0 Awards 2010.

-Bharat Petroleum Corporation Ltd receives Green Business Leaders Award: 2009- 2010

-NDTV Recognizes BPCL With Prestigious Corporate Sustainability Report Award

-BPCL has secured 289th ranking during 2008-09 in the prestigious list of Fortune Global 500

2011

-Tyre manufacturer Goodyear India has entered into an agreement with PSU major Bharat Petroleum Corporation Ltd to open tyre care shops at some of their petrol pumps.

-BPCL discovered of oil and gas in Sergipe-Alagoas Basin, Brazil

2012 -BPCL 's Another major appraisal success in Offshore Mozambique for BPRL

-BPCL in Successful Flow Test Offshore Mozambique

-Bharat Petroleum Corporation Ltd informs that "BPRL Announces Extension of Exploration Success with New Discovery Area in Offshore Mozambique".

-BPCL invests Rs 75 cr to set up 22 kV substation at Kochi Refinery

-Bharat Petroleum Corporation Ltd. , second largest public sector oil marketing company, has signed an MOU with LG Chem South Korea for a Joint Venture to set up a petrochemical plant adjacent to its Kochi Refinery Complex.

-BPCL - Discovery of Hydrocarbons in Espirito Santo Bash, Offshore Brazil.

-BPCL - Discovery of Hydrocarbons in Cauvery Onland in Tamil Nadu

-State run Bharat Petroleum Corporation Limited (BPCL) has signed a Memorandum of Understanding (MoU) with Kerala government. Following the development, the state government would extend tax deferments to BPCL's Integrated Refinery Expansion Project (IREP) and petrochemical complex.

-Bharat Petroleum Corporation Ltd (BPCL) is in planned investments of up to Rs 45,000 crore by 2017 towards upstream projects as well as downstream expansion.

-BPCL l discovers New oil in the deep water of Sergipe - Alagoas Basin, Brasil

-Bharat Petroleum Corp Ltd (BPCL) has managed to raise USD 500 million through a maiden 10 year bond issue. The move market the debut of BPCL into the international debt market and the proceeds from issue would be used by the company to fund its capital expenditure. -Bharat Petroleum Corporation has given the Bonus in the Ratio of 1:1

2013 -Petrobras completes formation test in Farfan area in Sergipe-Alagoas Basin, Brazil. -BPRL announces new natural gas discovery in offshore Mozambique. -Bharat gas introduces IVRS to book gas refill services. -BPCL begins IVRS refill booking system in Kerala -BPCL has launched Universal Tractor Transmission Oil MAK Trac Magic + which is a special formulated lubricant for tractors, in the market of Punjab and Haryana.

2014 -Bharat Petroleum - BPRL announces Increase in Recoverable Natural Gas Resources in Mozambique. -Bharat Petroleum - Gas Discovery in Cauvery Basin, India by ONGC - BPRL Consortium.

2015

-Bharat Petroleum Corporation Limited (BPCL) has received approval from Environment Ministry for Rs 4,588 crore expansion at its refinery facility -BPCL acquires additional shares of Petronet CCK Limited -BPCL,along with GAIL Gas, a 100% subsidiary of GAIL India will jointly develop the City Gas Distribution Network (CGD Network) in Haridwar district. -BPCL has commissioned a new art Crude Distillation Unit (CDU) in Mumbai.

Operations

Bharat Petroleum operates the following refineries:

• Mumbai Refinery : Located near Mumbai, Maharashtra. It has a capacity of 13 million metric tonnes per year.^[6]
• Kochi Refineries : Located near Kochi, Kerala. It has a capacity of 15.5  million metric tonnes per year.^[7]
• Bina Refinery : Located near Bina, Sagar district, Madhya Pradesh. It has a capacity of 6  million metric tonnes per year. This refinery is operated by Bharat Oman Refineries Limited, a joint venture between Bharat Petroleum and Oman Oil Company.
• Numaligarh Refinery : Located near Numaligarh, Golaghat district, Assam. It has a capacity of 3  million metric tonnes per year.

The company business is divided in seven SBUs( Strategic Business Units), like Retail, Lubricants, Aviation, Refinery, Gas, I&C and LPG.

They have popular Loyalty Program like Petrocard, Smartfleet.

See also

• Rajiv Gandhi Institute of Petroleum Technology^[8]

References

External links

• Official website
• Bharat gas Booking

Bharat Gas