InvestorQ : Why is BPCL making such an aggressive Rs.1 trillion investment plan ahead of sale?
Dilmini Mercia made post

Why is BPCL making such an aggressive Rs.1 trillion investment plan ahead of sale?

Answer
image
Dawn Cherian answered.
3 months ago
Follow

In fact, the very idea of investing over Rs.100,000 crore is to make the company future ready and also more attractive to the potential investors in the government divestment. This investment will be over a period of 5 years and the blueprint is ready. These investments include investments in petchem capacity, clean fuels, gas mix as well as in marketing infrastructure. It will spend on high-end petrochemicals capacity in this round.

The investment is also intended to position BPCL for the EV shift as well as its impact on fuel demand. BPCL will also create a massive 1000 MW portfolio of renewable energy along with the ecosystem to sustain such an investment. More than 50% of the outlay will be towards refining efficiencies as well as for gas proliferation.

3 Views