Bharat Petroleum

Bharat Petroleum Corporation Limited
भारत पेट्रोलियम निगम लिमिटेड
Traded as BSE: 500547
Industry Oil and gas
Headquarters Mumbai, Maharashtra, India
Key people
D Rajkumar
(Chairman & MD)
Products Petroleum, natural gas, and other petrochemicals
Revenue 240,367 crore (US$36 billion) (2015)[1]
9,777 crore (US$1.5 billion) (2015)[1]
5,082 crore (US$760 million) (2015)[1]
Total assets 44,866 crore (US$6.7 billion) (2015)[1]
Owner Government of India
Number of employees
13,535 (2016)[1]

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]


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.

BPCL petrol filling station near Nakirekal, Telangana, India

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]


Bharat Petroleum operates the following refineries:

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


External links

This article is issued from Wikipedia - version of the 10/20/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.