Bharat Petroleum

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Bharat Petroleum Corporation Limited
Public
Traded as BSE500547
NSEBPCL
Industry Oil and gas
Headquarters Mumbai, Maharashtra, India
Key people
D Rajkumar
(Chairman& MD)[1]
Products Petroleum, natural gas, and other petrochemicals
Revenue Increase 244,648.50 crore (US$36 billion) (2017)[1]
Increase 11,042.79 crore (US$1.6 billion) (2017)[1]
Increase 8,039.30 crore (US$1.2 billion) (2017)[1]
Total assets Increase 91,989.63 crore (US$13 billion) (2017)[1]
Owner Government of India (54.93%)
Number of employees
12,567 (2017)[1]
Website www.bharatpetroleum.com

Bharat Petroleum Corporation Limited (BPCL) is a Government of India controlled Maharatna[2] oil and gas company headquartered in Mumbai,Maharashtra.The Corportion operates two large refineries of the country located at Mumbai and Kochi.The company is ranked 358th on the Fortune list of the world's biggest corporations as of 2016.[3]

History[edit]

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.[4] 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.[5] As a result, the government would need a majority in both houses to push through any privatization.[6]

2017

-Bharat Petroleum Corporation Limited (BPCL) has received Maharatna[7] status on 12.09.2017

Operations[edit]

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[edit]

References[edit]

External links[edit]