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Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking engaged in refining crude oil and marketing petroleum products. The company operates refineries in Mumbai, Kochi, and Bina, along with LPG bottling plants and lube blending facilities across India. BPCL's marketing infrastructure includes a network of installations, depots, retail outlets, aviation fueling stations, and LPG distributors. The company offers various petroleum products including petrol, diesel, LPG, CNG, and lubricants under brands like Bharatgas and MAK. As of March 31, 2023, the Government of India holds a 52.98% stake in BPCL. The company has expanded its operations through acquisitions, joint ventures, and investments in petrochemicals and city gas distribution networks. BPCL has also invested in upstream projects and international exploration activities.
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Company insights, generated from the most recent coverage.
Price freeze buckles near $120/bbl threshold; recent hikes of ₹3/litre indicate government tolerance limit reached after 4-year stability.
Under-recoveries surged to ₹1,000 crore/day (₹30,000 Cr/month) when crude hit $114/bbl, signaling severe liquidity stress above $100/bbl.
BPCL's debt position of ₹23,278 crore as of March 2025 reflects high working capital needs, limiting financial flexibility to absorb sustained crude price shocks without external support.