Information About Bharat Petroleum Corporation Limited
Incorporation year : 1952
Ownership Group : Government of India
Headquarter : Mumbai, Maharashtra, India
Chairman, MD and CEO : D Rajkumar
Chief Finance Officer (CFO) : Neelakantapillai Vijayagopal
Company Introduction
Bharat Petroleum Corporation Limited (BPCL) is an Indian state-controlled oil and gas company. The
Corporation operates two large refineries of the country located at Mumbai and Kochi. Bharat Gas has been a
pioneer in more ways than one churning out several innovative customer centric offerings such as LPG
cylinders and Mini LPG cylinders. The 24X7 services provided by Bharat Petroleum Aviation Fuel Services
makes it the preferred supplier for all major domestic and international airlines in India. 40% of the international
volumes in India are fuelled by BPCL plane services. Their presence in the defence sector is equally strong.
Bharat Petroleum is the only oil company in India to have equity stake in the 1st Greenfield Airport at Cochin
International Airport Limited.
3.14 BUSINESS AND COMMERCIAL KNOWLEDGE
Company History
Bharat Petroleum Corporation Ltd was incorporated in 1952 as a private limited company with the name Burma
Shell Refineries Ltd. The company began its work on the marshland of Trombay at Bombay. The refinery on
454 acres of land at village Mahul went on-stream on 30th January 1955 one year ahead of schedule. In
January, 1976 Burmah Shell Group of Companies was taken over by the Government of India to form Bharat
Refineries Ltd. In August, 1977 the company was renamed as Bharat Petroleum Corporation Ltd. The company
was also the first refinery to process newly found indigenous crude (Bombay High) in the country.
Philosophy
Vision: Be a model corporate entity with social responsibility committed to energizing lives through sustainable
development.
Mission: Create a ‘positive impact’ in all the communities where we operate.
♦ To transform 150 villages from ‘water scarce to water positive’.
♦ To enable education of more than 10 lakh children.
♦ To create a resource of ‘Expert Panels’ on issues pertaining to our thrust areas.
♦ To encourage employee volunteering through our corporate culture and have a minimum of 10% of
employees volunteering in the next five years.
Portfolio of Businesses; Products and Services
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.
Bharat Petroleum operates the following refineries:
i. Mumbai Refinery: Located near Mumbai, Maharashtra. It has a capacity of 13 million metric tonnes
per year.
ii. Kochi Refineries: Located near Kochi, Kerala. It has a capacity of 9.5 million metric tonnes per year.
iii. 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.
iv. Numaligarh Refinery: Located near Numaligarh, Golaghat district, Assam. It has a capacity of 3 million
metric tonnes per year.
Business in News
♦ BPCL ranked 601st on Forbes World's Largest Public Corporations List 2020.
♦ Bharat Petroleum receives special award from Shri Dharmendra Pradhan, Hon’ble Minister for
Petroleum & Natural Gas and Steel for their contribution to facilitate Bulk LPG Tank Trucks ownership
by SC/ST Entrepreneurs.
https://www.bharatpetroleum.com/about-bpcl/awards-and-accolades.aspx
♦ BPCL received the prestigious ‘Star PSU’ Award from Business Standard at the Annual Awards for
Corporate Excellence on 31.3.2018.
https://www.bharatpetroleum.com/about-bpcl/awards-and-accolades.aspx