Bharat Petroleum
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| File:Bharat Petroleum Logo.svg | |
| Company type | Public |
|---|---|
| BSE: 500547 NSE: BPCL | |
| Industry | Oil and gas |
| Founded | 1976  |
| Headquarters | Mumbai, Maharashtra, India |
Key people | D Rajkumar (Chairman & MD) |
| Products | Petroleum, natural gas, and other petrochemicals |
| Revenue | ₹240,367 crore (US$29 billion) (2015)[1] |
| ₹9,777 crore (US$1.2 billion) (2015)[1] | |
| ₹5,082 crore (US$610 million) (2015)[1] | |
| Total assets | ₹44,866 crore (US$5.4 billion) (2015)[1] |
| Owner | Government of India |
Number of employees | 13,535 (2016)[1] |
| Website | www |
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]
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 9.5 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
References
- ^ a b c d e "BPCL Annual Report". CNBC TV18.
- ^ "Fortune Global 500 list". CNN Money. Retrieved 22 July 2016.
- ^ SAMANWAYA RAUTRAY AND PHEROZE L. VINCENT (4 March 2011). "Feather in cap for graft fighters". The Telegraph. Retrieved 26 April 2012.
- ^ Ramakrishna, G. V. (2004). Two Score and Ten: My Experiences in Government. Academic Foundation. p. 301. ISBN 8171883397.
{{cite book}}: Invalid|ref=harv(help) - ^ Gopal Ganesh (2008). Privatisation And Labour Restructuring. Academic Foundation. p. 136. ISBN 8171886345.
- ^ http://www.bharatpetroleum.in/EnergisingEnvironment/MumbaiRefinery.aspx?id=3
- ^ http://www.bharatpetroleum.in/EnergisingEnvironment/KochiRefinery.aspx?id=3
- ^ http://www.topnews.in/sonia-lay-foundation-rajiv-gandhi-petroleum-institute-rae-bareli-221339
External links
Template:Major Indian companies
- Oil and gas companies of India
- Oil pipeline companies
- Government-owned companies of India
- Companies based in Mumbai
- Energy companies established in 1976
- Non-renewable resource companies established in 1976
- 1976 establishments in India
- Companies nationalised by the Government of India
- CNX Nifty
- Companies listed on the National Stock Exchange of India
- Indian brands