7
stake of 50% each in BORL’s paid up share capital of ` 1,777.23 crores as on 31st March, 2016.
BPCL has also subscribed to Share Warrants of BORL of ` 1,585.68 crores. Further, the State of
Madhya Pradesh has also subscribed to ` 26.90 crores of Share Warrants in BORL. During the
year 2015-16, Bina Refinery processed 6.40 MMT of crude oil, achieving a capacity utilization of
107%, as compared to 103% in the previous year. This is the highest capacity utilization achieved
since commencement of operations in June, 2011.
Petronet LNG Limited (PLL): PLL was formed in April, 1998 for importing LNG and setting up
LNG terminals with facilities like jetty, storage, regasification etc. to supply Natural Gas to
various industries in the country. The Company has an authorised capital of ` 1,200 crores and
paid up capital of ` 750 crores. PLL was promoted by four public sector companies viz. BPCL,
Indian Oil Corporation Limited (IOC), Oil and Natural Gas Limited (ONGC) and GAIL (India)
Limited (GAIL). Each of the promoters holds 12.5% of the equity capital of PLL. PLL is a listed
Company. BPCL’s equity investment in PLL currently stands at ` 98.75 crores. As at 31
st
March,
2016, PLL had a consolidated net worth of ` 6,424.47 crore.
Indraprastha Gas Limited (IGL) : IGL, a Joint Venture Company with GAIL as the other co-
promoter, was set up in December, 1998 with an authorised capital of ` 220 crores for
implementing the project for supply of Compressed Natural Gas (CNG) to the household and
automobile sectors in Delhi. The paid up share capital of the Company is ` 140 crores. BPCL
invested ` 31.50 crores in IGL for 22.5% stake in its equity. IGL is a listed Company with the
public holding 55% of the paid up share capital of the Company. IGL has commissioned over 340
CNG stations which supply environment friendly fuel to more than 8,00,000 vehicles. IGL has
more than 6,36,618 domestic PNG customers in Delhi.
The Company is also extending its business to the towns of Greater Noida and Ghaziabad. IGL
has acquired 50% of the equity held by the financial institutions in Central UP Gas Limited and
Maharashtra Natural Gas Limited, Joint Venture Companies promoted by BPCL and GAIL.
Vision
• We are the most admired global energy company leveraging talent and technology
• We are the first choice of customers, always