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BPCL PLANS TO INVEST RS 1.7 LAKH CRORE FOR EXPANSION

  • NEWS Desk Global
  • Aug 19, 2024
  • 1 min read



State-owned Bharat Petroleum Corporation plans to invest Rs 1.7 lakh crore over the next five years to grow its core oil refining and fuel marketing business as well as in ‘future big bets’ of petrochemicals and green energy, its chairman G Krishnakumar has said.

Bharat Petroleum Corporation (BPCL), currently, owns about 14% of India’s oil refining capacity and about a quarter of the fuel retailing network. It plans to grow these businesses while foraying into newer areas.

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