Bharat petroleum corporation ltd (1)

2,077 views 36 slides Aug 30, 2019
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About This Presentation

idar project on bpcl


Slide Content

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Progressive Education Society's
Modern Institute of Business Management 1186,
Shivaji Nagar, off J.M.Road Pune 411005


NAME OF THE STUDENT Poonam Babasaheb Ugalmugle
ROLL NO. 11127
YEAR 1
st

DIV A
COURSE Enterprise Analysis- Desk Resesrch(115)
DATE OF SUBMISSION
SIGNATURE OF THE STUDENT

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CONTENTS
SR.NO. CHAPTER
PAGE NO.
1.








2.



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Enterprise History & background
Establishment
Original & Current Promoters
Business Group
Vision
Mission
Philosophy
Values
Name of the Chairman
Members of Board of Directors
CSR Intiatives
Techincal & other Collabration
Recent Mergers & Acqusition
Organization
Organization Structure
Geographical Footprint
Headquarter
Certification
Markets
Major Customers
Products
Product lines





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5.
Major Brands
Advertising Agency
Slogan
Logo
Financials
Revenues
Profitability
Script codes- BSE & NSE
Share Market Value
P/E Ratio
Shareholding Pattern

Governance
Philosophy
Action taken by SEBI
Involvement in Scams
Insider Trading Issues
Standard & Poor’s Corporate
Governance Scores
Awards

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Bharat Petroleum Corporation Ltd.
1. Enterprise History & Background
Establishment
On 24th January 1976, the Burmah Shell Group of Companies was taken over by the
Government of India to form Bharat Refineries Limited. On 1st August 1977, it was renamed
Bharat Petroleum Corporation Limited. It was also the first refinery to process newly found
indigenous crude (Bombay High), in the country. Following Nationalisation in 1976, Bharat
Petroleum changed gears and embarked upon a rapid growth path. Turnover, profitability and
financial reserves grew by leaps and bounds. Massive expansion and modernisation provided a
tremendous boost to the company’s performance. The core strength of Bharat Petroleum
Corporation Limited has always been the ardent pursuit of qualitative excellence for maximisation
of customer satisfaction. The organisational design comprising of five customers facing SBUs,
viz. Aviation, Industrial and Commercial, LPG, Lubricants and Retail and one asset based SBU,
viz. Refinery, is based on the philosophy of greater customer focus.
Bharat Petroleum produces a diverse range of products, from petrochemicals and solvents to
aircraft fuel and speciality lubricants and markets them through its wide network of Petrol
Stations, Kerosene Dealers, LPG Distributors, Lube Shoppes, besides supplying fuel directly to
hundreds of industries, and several international and domestic airlines.
BPCL is proud owner of multiple refinery units. It has Refineries in Mumbai processing about 12
MMTPA of crude oil per annum, Kochi Refinery with capacity 9.5 MMTPA, Numaligarh
Refinery where BPCL is a major stake holder with 61.65% of Company’s paid up equity capital
and capacity 3 MMTPA, Bina Refineries which is jointly promoted by BPCL & Oman Oil
Company Ltd (OOCL) processing 6 MMTPA.
The Brand Management team at Bharat Petroleum endeavours to build and manage a strong brand
image reflecting Bharat Petroleum’s core values of being ‘INCARE’, viz. INnovative, CAring and

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Reliable. It is considered to be a pioneer in petroleum industry with path breaking initiates like
Pure for Sure Campaign, Petro Card, Fleet Card etc. Bharat Petroleum is the first Public Sector Oil
Company to implement Enterprisewide Resource Planning (ERP) solutions – SAP. Bharat
Petroleum is reaping the benefits of the integrated system in many areas of its operations.

Original Current Promotors
Promoter and Promoter Group Jun2018 Mar2018 Var%
Indian Promoters 53.89 54.31 0.77
Individuals / Hindu Undivided Family
Central Government/State Government(s) 53.89 54.31 0.77
Bodies Corporate
Financial Institutions / Banks
Partnership Firms
Promoter Group
Employees Welfare Fund
Other
Any Others (Specify
1
)
Foreign Promoters
Non-Residents Individuals / Foreign Individuals
'Bodies Corporate

https://www.google.co.in/search?hl=en-IN&rlz=1C1CHBD_enIN789&ei=ihK_W8-
RF4GY_QbB35SoBQ&q=bpcl+enterprise+promoters&oq=bpcl+enterprise+promotor

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Institutions
Other
Any Others (Specify)
Total of Promoter and Promoter Group 53.89 54.31 0.77

Business group or business family to which it belongs:
Numaligarh Refinery Limited (NRL): NRL was incorporated in the year 1993 with an authorised
share capital of ` 1,000 crores. The paid up share capital of NRL as on 31st March, 2016 was `
735.63 crores of which BPCL holds 61.65%. NRL is a Category-I Miniratna PSU and operates a 3
MMTPA Refinery at Numaligarh in Assam. Besides the Refinery, NRL has two marketing
terminals, one at Numaligarh and the other at Siliguri for evacuation of products. NRL also has a
10 TMTPA LPG Bottling Plant at Numaligarh.
Bharat PetroResources Limited (BPRL): BPRL was incorporated in the year 2006 as a wholly
owned Subsidiary Company of BPCL with the objective of implementing BPCL’s plans in the
upstream exploration and production sector. As on 31st March, 2016, BPRL has an authorized
share capital of ` 3,000 crore and paid up share capital of 2,920 crore which is entirely held by
BPCL, the Holding Company. BPRL has incurred a consolidated loss of 248.31 crore for the
Financial Year ending 31st March, 2016. The consolidated loss was due to relinquishment of
participating interest (PI) in few blocks, as prospectively assessed based on drilling results in these
blocks was very poor.
Petronet CCK Limited (PCCKL): BPCL had invested in the acquisition of 49% stake in the equity
capital of PCCKL, a Joint Venture Company promoted with Petronet India Ltd., with an
authorised capital of Rupees 135 crores and paid up share capital of Rupees 100 crores, at a sum
of Rupees 49 crores.
Bharat Oman Refineries Limited (BORL): Bharat Oman Refineries Limited is a Joint Venture
Company of BPCL with Oman Oil Company S.A.O.C. (OOC). BPCL and OOC have an equity

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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

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• We exploit profitable growth opportunities outside energy
• We are the role model for Health Safety, Security and Environment
• We are a great organization to work • We are a learning organization
• We are a model corporate entity with social responsibility
Mission
• Participate prominently in nation-building by meeting its growing energy needs, and to support
this endeavor, pursue the creation of economic surplus by efficiently deploying all available
resources and aiming towards global competitiveness in the energy sector.
• Strengthen and expand areas of core competencies throughout the country, total quality
management in all spheres of business and maintain the status of a leading national company.
• Create awareness among people on the imperatives of energy conservation and efficient
consumption of petroleum resources, by disseminating information through appropriate media.
• Availing ourselves of new opportunities for expansion /diversification arising from the
liberalization of the economy to achieve a global presence .
• Promote ecology, environmental up gradation and national heritage • Information on Training,
other mechanisms, suggestion schemes.
Philosophy:
The consumption of petroleum has been increased tremendously in both industries and transport
sector. For economic development of any country these two sectors are very important. It is learnt
that day by day the increase in demand of fossil fuels leads to exhaust of petroleum products in
near future. So the time has come to identify alternative fuels for diesel such that they may serve
as fossil fuels, which are depleting at much faster rate than expected. And also the rising prices of
petroleum products and environmental concern led to intensive studies on use of alternative fuels.
There is lack of sufficient oil reserves in India. Because of growing demand of petroleum products

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our government spending billions of dollars for their imports. Though diesel engines play a vital
and indispensable role in today’s modern life, it contributes to pollution substantially.

Values
• Trust is the bedrock of our existence
• Customer Centricity is intrinsic to our achievements
• Development of people is the only way to success
• Ethics govern all our actions
• Innovation is our daily inspiration
• Collaboration is the essence of individual action Our Corporate Values
• Involvement is the way we pursue our organization goals
Name of the chairman
Mr. U. Sundararajan, Chairman & Managing Director (BPCL)
Name
Board
Relationships
Title Age
D. Rajkumar 24 Relationships Chairman & MD 58
K. Sivakumar No Relationships Chief Financial Officer --
A. B. Teltumbde B.E,
Ph.D., Dip. In Engg.
No Relationships Managing Director of Petronet India Ltd 67
Ashok K. Gupta No Relationships Chief Procurement Officer of Marketing --
Sunil Jain IRTS No Relationships Chief Vigilance Officer --
S. V. Kelkar No Relationships Chief Manager of Employee Satisfaction --

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Name
Board
Relationships
Title Age
Enhancement
Santosh Kumar No Relationships Head of Retail - West --
Surjeet Mahalik No Relationships Head of Retail - East --
T. Peethambaran No Relationships Head of Retail - North --
P. S. Ravi No Relationships Head of Retail - South --

Members of Board of Directors:
At Bharat Petroleum, we are guided by an inspiring vision and an exceptional Board of Directors.
They have led us to achieve phenomenal results and surpassing records, on our path to excellence.
With their guidance, BPCL is committed towards transcending boundaries in all our endeavours
and retaining the competitive edge throughout.

SHRI. D. RAJKUMAR SHRI. R. RAMACHANDRAN SHRI. K. PADMAKAR
Chairman & Managing Director Director (Refineries) Director (HR)
Name
(Connections)
Relationships
Type of Board
Members
Primary Company Age
Rajesh Mangal 12Relationships Member of the Board Bharat Petroleum 52

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Name
(Connections)
Relationships
Type of Board
Members
Primary Company Age
of Directors Corporation Limited
Deepak Bhojwani 12Relationships Member of the Board
of Directors
Bharat Petroleum
Corporation Limited
66
Gopal Nanda 12Relationships Member of the Board
of Directors
Bharat Petroleum
Corporation Limited
70
Vishal Sharma 12Relationships Member of the Board
of Directors
Bharat Petroleum
Corporation Limited
--
Tamilsai
Soundarajan
12Relationships Member of the Board
of Directors
Bharat Petroleum
Corporation Limited
--
Vinay Oberoi 12Relationships Member of the Board
of Directors
Bharat Petroleum
Corporation Limited
61
J. Sundharam 12Relationships Member of the Board
of Directors
Bharat Petroleum
Corporation Limited
64
Rajiv Bansal IAS 27Relationships Member of the Board
of Directors
Bharat Petroleum
Corporation Limited
55
K. Ellangovan 24Relationships Member of the Board
of Directors
Bharat Petroleum
Corporation Limited
--

Corporate Social Responsibility:
BPCL is a vital player in the energy sector and is contributing significantly to India’s progress. In
alignment with the vision of the Company, its CSR initiatives strive to Energise Lives of the
communities. Over the years BPCL has contributed towards the goal of achieving Sustainable
Development and made significant progress in the thrust areas of Education, Water Conservation,
Skill Development, Health & Hygiene and Community Development. Seeking to herald an

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inclusive business paradigm, CSR initiatives are undertaken based on social, environmental and
economic considerations. CSR being ingrained into the business strategy, various initiatives have
been pioneered to address some important developmental challenges. Today, through
institutionalized and project-based approach, BPCL continues to take up new projects while
exiting from those that have been successfully completed.
Sustaining BPCL’s commitment to Education, initiatives have focused on improving the quality of
education while striving to bring in technology and innovation into the teaching process. Its
Computer Assisted Learning (CAL) project, which began in 2009-10, has been scaled up to over
250 centers in Mumbai, Uran, Panvel, Solapur (Maharashtra), Lucknow (UP) and Jaipur
(Rajasthan). This project provides school going children an easy and regular access to advanced
information technology (multi-media computers, broadband internet and quality educational
software contents) and supplements their learning through locally designed curriculum, trained
instructors and also engages teaching-staff actively. Till date, project CAL has covered over 1 lakh
children from class I to X and has been extended to the community residing around the Mumbai
Refinery. BPCL has successfully covered all government schools in the Uran block through
project CAL and successfully handed over the project to the local government for continuation of
the project thus taking steps towards sustainability.
The Science Education Project for students of Government schools in Solur, Bangalore
(Karnataka) focuses on experiential learning models based on science concepts. It reaches the
students through a mobile science lab and science centre. This project has made hands-on science
education available to poor rural children and teachers. This year, over 8546 students from 84
schools have enjoyed hands-on learning of science through this project, while also being groomed
as young science leader-thinkers.
A number of new projects have also been initiated during the year such as remedial education for
children in 20 slums of Bhubaneshwar, dance and theatre training for underprivileged children in
Mumbai which contributes to their holistic development, providing education support to cancer
affected children and supporting night schools in Mumbai for those unable to complete their
secondary education in day schools for various reasons. Along similar lines, BPCL has taken up
remedial education of students from Classes VI-IX in Coimbatore to improve their learning in
Tamil, Mathematics and English.

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BPCL has also successfully completed the fourth batch of its in-house project Saksham for
professional development of primary/upper primary teachers and headmasters from 46 low income
schools of Mumbai. This project aims at encouraging teachers to use new techniques for teaching,
classroom management as well as developing new teaching materials according to the needs of the
class.
With an objective to inculcate the habit of reading in children from government schools and
building professional capacities of teachers and principals, BPCL has continued to support setting
up and management of libraries. Library books are classified as per the difficulty level so that
students can choose the book as per their reading ability.
Deriving inspiration from Hon’ble Prime Minister of India’s vision of ‘Skilled India’, BPCL has
taken steps in this direction through Corporation driven initiatives as well as at the Industry level
in this direction. The Oil & Gas Industry is together working in the direction of setting up Mega
Skill Development Institutes-SDIs and subsequent SDIs in the catchment areas of other Oil PSUs.
BPCL has taken the lead role to set up SDI Kochi and has supported setting up the model SDI in
Odisha and SDI-Visakhapatnam as well. Further BPCL has contributed towards the Hydrocarbon
Sector Skill Council for assessing skill needs and gaps, establishing competency standards for
each sector like upstream, downstream and mid-stream and imparting the requisite skills based on
competency standards. Several placement linked skilling projects have been successfully
completed across the country for youth, women and persons with disabilities.
Water scarcity is a disturbing phenomenon in the country for decades and this affects a large
population in India. Recognizing the suffering of people living in water scarce areas of rural and
urban India, BPCL has undertaken Project ‘BOOND’ which is a water conservation initiative
through rain water harvesting.
The project has covered 36 villages from Tamil Nadu, Karnataka, Maharashtra and Rajasthan
during the Financial year 2016-17. Effective community participation and inclusive approach of
the project has enabled successful formation of Village Water Committees that have taken over the
governance and maintenance of the water structures constructed. In addition to this, project
BOOND also supports sustainable employment through new and improved agricultural practices
like crop rotation, mulching, newer crops, innovative methods of irrigation and horticulture. Since

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2010, BPCL has collectively reached out to 196 villages through project BOOND. These
initiatives aim at increasing availability of water for agriculture, livestock and ground
waterrecharge, decrease in migration, improving the quality of life of the villagers and a positive
effect on the environment in addition to flood moderation.
BPCL is proactively working to address issues of health and sanitation by providing access to
basic health care services, both preventive and curative, to the underprivileged and building the
capacity of local health facilitators and community members. Projects related to strengthening
healthcare infrastructure and services and building capacities of healthcare professionals,
supporting health camps through mobile medical units, for the general community have been
directed towards making basic healthcare services accessible to the underprivileged. Furthermore,
various nutritional support projects in Kerala for anganwadi and school children have been
undertaken. Through various health initiatives during the year, BPCL has reached out to 1,44,205
beneficiaries. BPCL has participated in Swachh Bharat Abhiyan through various initiatives. The
Company has undertaken maintenance of toilets in 4 states - Andhra Pradesh, Chhattisgarh,
Telangana and West Bengal, which were constructed as part of ‘Swachh Vidyalaya Abhiyan’.
Additionally, 20 toilets have been constructed in schools and a college at Dharwad, Karnataka.
BPCL has also undertaken a project for cleanliness around Madurai Meenakshi Temple aiming at
making it a ‘Swachh Iconic Place’.
Participating in the developmental journey of the country BPCL considers community
development through creating opportunities for learning, skilling and infrastructure development
as the pillars to progress. In line with this objective and in addition to the initiatives on education,
water conservation, health and hygiene, BPCL has also undertaken projects such as installation of
solar lights, handpumps in remote villages. Environment and women-focused initiatives have been
supported nationwide under the Ujjwala scheme of providing deposit free LPG connections to
below poverty line (BPL) families. Realising the potential of employee volunteering and
leveraging their talent, expertise and contribution for CSR initiatives, BPCL enables its employees
to align and engage in CSR initiatives through the Bharat Connect programme. This project
enables every new entrant in BPCL to align with the CSR objectives and activities of the
company. Various activities conducted through volunteering.

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Technical and other collaboration:
Institutional collaboration Corporate Collaboration
 Hanbat National University, South
Korea
 Deakin University, Australia
 Hanseo University, S. Korea
 North-West University, South Africa
 Dumlupinar University, Turkey
 University of Cambodia
 Edinburgh’s Telford College
 AIT, Thailand
 Chiang Mai Rajbhat University,
Thailand
 Scotland’s College International, UK
 Trinity College, London
 Yildiz Technical University, Istanbul
 Anglia Ruskin University, UK
 Ataturk University, Turkey
 Tata Institute of Social Sciences,
Mumbai
 University of Miskolc, Hungary
 Cracow University of Technology,
Poland
 Technical University of Ostrava, Czech
Republic
 Reykjavik University, Iceland

 The International Rice Research Institute
 Dassault Systemes
 Tech Mahindra
 Aries Agro Ltd.
 CII-Yi
 HDFC Bank
 DHI (India) Water and Environment
 Bureau of Police Research and
Development
 ICICI Bank
 Tata Consultancy Services
 Wipro Technologies
 Infosys
 Siemens India
 Oracle India
 IBM
 Microsoft
 SAP Labs
 Tata Steel
 IMMT, Bhubaneswar
 Indian Institute of Human Rights, New
Delhi
 M/S Maize International Co LLC
 Ericsson India

As a global centre for excellence, KIIT has collaborated with leading institutions and
organizations from across the world. At present KIIT has academic tie-ups with 162 international

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universities and institutions and industrial collaboration with 15 corporate houses. Academic
collaborations have led to joint programme delivery and faculty and student exchange.
Recent Mergers and Acquisition:
Indian Oil Corp. Ltd and Bharat Petroleum Corp. Ltd (BPCL) are both keen to acquire gas utility
GAIL India Ltd to become fully integrated energy companies.
Indian Oil and BPCL have separately indicated to the petroleum ministry their interest in taking
over GAIL to help add natural gas transportation and marketing business to their kitty, people
familiar with the matter said. GAIL, on the other hand, feels a merger with Oil and Natural Gas
Corp. (ONGC) would be more appropriate.
The merger options were indicated following finance minister Arun Jaitley’s announcement in the
2017-18 budget speech on the government’s plan to create integrated public sector oil majors that
will be “able to match the performance of international and domestic private sector oil and gas
companies”.
ONGC, India’s largest oil and gas producer, proposed to acquire oil refiner and fuel marketing
company HPCL, which was approved by the cabinet. ONGC is currently in the process of
acquiring the government’s 51.11% stake in HPCL, which at current prices is worth over
Rs33,000 crore.
People in the know said Indian Oil and BPCL gave separate options for the integration. The
government’s 54.89% stake in GAIL is currently worth about Rs46,700 crore. Integration options
suggested by other companies would be taken up only after ONGC-HPCL merger is complete,
they said. Indian Oil, the largest oil refiner and fuel marketing company in the country, wanted to
either acquire another refiner to add to its capacity or a gas company like GAIL.

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2.ORGANIZATION:
An organization or organisation is an entity comprising multiple people, such as an institution or
an association, that has a collective goal and is linked to an external environment.
Organization Structrure:

Geographical Foot Print:
Bharat Petroleum Corporation Ltd (BPCL) operates in the petroleum industry in India. The
company operates in a single segment - Refinery and Marketing activities, which includes
Downstream petroleum sector. They are also engaged in the Exploration and Production of
Hydrocarbons (E&P). BPCL on a regular basis imports their LPG requirements mainly from the

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Middle East. Occasional there are import requirements of Gasoil, Kerosene, Gasoline and Base
Oil. The company refineries consist of Mumbai Refinery, Kochi Refinery, Numaligarh Refinery
and Bina Refinery. BPCL exports Fuel Oil and Naphtha and Base Oil (Group II).
BPCL is a public sector undertaking with the Government of India holding 54.93% stake as on 30
September 2017. On 11 September 2017, Government of India conferred BPCL with Maharatna
status.
Bharat Petroleum Corporation Ltd was incorporated on November 3, 1952 as a private limited
company with the name Burmah Shell Refineries Ltd. The company began their work on the
marshland of Trombay at Bombay. The refinery on 454 acres of land at village Mahul went on-
stream on 30th January 1955, one year ahead of schedule. In January 24, 1976, Burmah Shell
Group of Companies was taken over by the Government of India to form Bharat Refineries Ltd. In
August 1, 1977, the company was renamed as Bharat Petroleum Corporation Ltd. The company
was also the first refinery to process newly found indigenous crude (Bombay High), in the
country.
During the year 2001-02, the company commissioned the Gas Turbine and Heat Recovery Steam
Generator project at a cost of Rs.1750 million. Refinery Modernization Project was being
implemented at a cost of Rs 18,310 million. This project besides improve distillate yield and
energy efficiency of the company. The company had Allied Retail Business (ARB) also apart from
the regular business, making them not only the largest non-fuel revenue generator in the oil
industry, but also amongst the leading retail networks in the country, offering a basket of services
ranging from C-stores, Quick Service Restaurants to financial and travel related services.
The total of 8 numbers of In & Out convenience stores made up the 'millionaire club' by clocking
average sales of Rs 1 million per month. Automatic Teller Machines (ATMs) continued by the
company to be a focus area in the ARB initiative under the alliance management strategy. The 222
ATMs in the network are the result of alliances with 22 banks. Given the rapid growth of the
travel industry in the country and especially personal travel, the company launched 'In & Out e-
Traveller', a one-stop facility for all travel and hospitality needs in during year of 2006-07. The In
& Out eTraveller is an e-ticketing / e-booking facility for rail, air and bus tickets and hotel
accommodation, brought through a web of alliances with best in breed travel service providers.

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During the year 2009-10, the Mumbai refinery processed the Nigerian crude oil - Agbami for the
first time. The company started operations at its Bina refinery in the central Indian state of
Madhya Pradesh by launching their crude distillation unit, or CDU. The CDU at Bina was
commissioned on June 29, 2010. Kerosene and cooking gas have been despatched to the
marketing terminal. An oil refinery's CDU is the main unit where crude is separated into different
petroleum products.
In August 2010, Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd and Hindustan
Petroleum Corporation Limited entered into a memorandum of understanding (MoU) with Gujarat
State Petroleum Corp Ltd to form a joint venture for trunk gas pipelines. In February 2011, the
company signed an initial agreement with the provincial government of Rajasthan to sell fuel
products from the state's proposed refinery. The company will sell at least 75% of the volume of
the products from the proposed Rajasthan refinery under the agreement.
In July 2011, the company sold a rare naphtha cargo from Haldia to Vitol at steep discounts of
$63.00 a tonne to Middle East quotes on a free-on-board (FOB) basis, and the refiner may have
more of such cargoes for sale.
In 2011, tyre manufacturer Goodyear India entered into an agreement with PSU major Bharat
Petroleum Corporation Ltd to open tyre care shops at some of their petrol pumps. BPCL discovers
of oil and gas in Sergipe-Alagoas Basin, Brazil.
In 2012 -BPCL's another major appraisal success in Offshore Mozambique for BPRL. BPCL also
conducts Successful Flow Test Offshore Mozambique. BPCL invests Rs 75 cr to set up 22 kV
substation at Kochi Refinery. Bharat Petroleum Corporation Ltd., has signed an MOU with LG
Chem South Korea for a Joint Venture to set up a petrochemical plant adjacent to its Kochi
Refinery Complex. The company makes discovery of hydrocarbons in Espirito Santo Bash,
Offshore Brazil and Cauvery Onland in Tamil Nadu. The company signs a Memorandum of
Understanding (MoU) with Kerala government. Following the development, the state government
would extend tax deferments to BPCL's Integrated Refinery Expansion Project (IREP) and
petrochemical complex. Bharat Petroleum Corporation Ltd (BPCL) is in plans for investments of
up to Rs 45,000 crore by 2017 towards upstream projects as well as downstream expansion. BPCL
discovers New oil in the deep water of Sergipe - Alagoas Basin, Brasil

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In 2013, Petrobras completes formation test in Farfan area in Sergipe-Alagoas Basin, Brazil.
BPRL announces new natural gas discovery in offshore Mozambique. Bharat gas introduces IVRS
to book gas refill services. BPCL begins IVRS refill booking system in Kerala
In 2014, Bharat Petroleum - BPRL announces Increase in Recoverable Natural Gas Resources in
Mozambique. Gas Discovery in Cauvery Basin, India by ONGC - BPRL Consortium.
In 2015, Bharat Petroleum Corporation Limited (BPCL) received approval from Environment
Ministry for Rs 4,588 crore expansion at its refinery facility. BPCL, along with GAIL Gas, a
100% subsidiary of GAIL India will jointly develop the City Gas Distribution Network (CGD
Network) in Haridwar district. BPCL also commissions a new art Crude Distillation Unit (CDU)
in Mumbai.
On 29 May 2015, BPCL announced that it had acquired additional 1.99 crore equity shares of
Petronet CCK Limited (PCCKL) constituting 19.97% of the paid-up capital of PCCKL from a
financial investor of PCCKL. Post the acquisition of additional shares, BPCL's holding in PCCKL
went up to 68.97%.
In November 2015, a consortium of Bharat Petroleum Corporation Ltd (BPCL) and GAIL Gas Ltd
was awarded the authorization for laying, building, operating and expanding of a City Gas
Distribution Network (CGD Network) in the Geographical Area of Haridwar district by the
Petroleum and Natural Gas Regulatory Board established under the PNGRB Act, 2006.
On 31 December 2015, BPCL announced that it had entered into a binding Gas Sale and Purchase
Agreement (GSPA) with Petronet LNG Limited (PLL) for the procurement of an additional 0.1
MMTPA of RLNG with effect from January 2016.
On 18 February 2016, BPCL announced that it had purchased 50% of financial institutions'
holding in Sabarmati Gas (SGL), thereby raising its stake in SGL to 49.9%. SGL is a city gas
distribution company involved in the supply of CNG to the transport segment and PNG to
consumers in the domestic, commercial and industrial segments.
On 26 May 2016, the Board of Directors of BPCL recommended the issue of bonus shares in the
ratio of 1:1.

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On 29 July 2016, BPCL announced that it had entered into an agreement for acquiring 21% stake
in the share capital of FINO PayTech Limited for a consideration of Rs 251 crore in an all cash
deal. FINO PayTech is a payments technology solutions provider to banks, financial institutions
and MFIs.
Bharat PetroResources Limited (BPRL), a 100% subsidiary of Bharat Petroleum Corporation
Limited (BPCL), and its exploration and production arm, along with Oil India Limited and Indian
Oil Corporation Limited, acting jointly as the Indian Consortium, through a joint venture company
formed by their wholly owned subsidiaries in Singapore, completed on 5 October 2016 two
transactions, viz. acquisition of 23.9% shares of the charter capital of JSC Vankorneft, a company
organised under the laws of the Russian Federation, which is the owner of Vankor and North
Vankor Field licenses, from Rosneft Oil Company (Rosneft), a National Oil Company of Russia;
and acquisition of 29.9% of the participatory share in charter capital of LLC Taas Yuryakh
Neftegazodobycha (TYNGD), from LLC RN Razvedka I Dobycha, a wholly owned subsidiary of
Rosneft. TYNGD which has onshore fields in East Siberia is currently producing about 20,000
bopd which is expected to be ramped up to about 100,000 bopd by 2021.
In November 2016, a consortium of Bharat Petroleum Corporation Ltd (BPCL) and GAIL Gas Ltd
was awarded the authorization for laying, building, operating and expanding of a City Gas
Distribution Network (CGD Network) in the Geographical Area of North Goa in the state of Goa
by the Petroleum and Natural Gas Regulatory Board established under the PNGRB Act, 2006.
Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited and Hindustan Petroleum
Corporation Limited signed a Consortium Agreement on 7 December 2016 to carry out pre-project
activities for setting up of a West Coast Refinery & Petrochemical project of approximately 60
MMTPA capacity in Maharashtra through a Joint Venture Company.
On 16 January 2017, the Board of Directors of BPCL gave in-principle approval for the merger of
Petronet CCK Ltd. (PCCKL), a wholly owned subsidiary of BPCL, with BPCL. PCCKL owns and
operates 292 Km long multi product Kochi-Coimbatore-Karur pipeline with a throughput capacity
of 3.3 MMTPA which is used for evacuation of BPCL's Kochi Refinery products.

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Head quarter office:
Sector Address Telephone Fax
Chairman's Office
Regd. Office: Bharat Bhavan,
4 and 6 Currimbhoy Road,
Ballard Estate,
Mumbai 400001
022-22713000
022-22714000 022-22713874
Refinery
Bharat Petroleum Refinery,
Mahul, Chembur,
Mumbai 400074
022-25533888
022-25533999
022-25524888
022-25524999 022-25542970
Delhi Co-ordination Office
ECE House,
Post Box No.7,
Connaught Circus,
New Delhi 110001 011-23316891 011-23316894
Retail Business Head Quarters
Maker Towers E and F,
12th Floor, Cuffe Parade,
Mumbai 400005 1800224344 022-22182304
Lubricants Business Head
Quarters
Bharat Petroleum Corpn. Ltd.,
Bharat Bhavan-II,
Ballard Estate,
Mumbai 400 001 1800224344 022-22713801
Aviation Business Head
Quarters
Plot nos A5 and 6,
Sector 1,
Noida 201301
Dist. Gautam Budh Nagar
0120-2474161
0120-2474165 0120-2474483
LPG Business Head Quarters
Bharat Bhavan,
4 and 6 Currimbhoy Road, 1800224344

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Ballard Estate,
Mumbai 400001
Industrial & Commercial
Business Head Quarters
Bharat Bhavan,
4 and 6 Currimbhoy Road,
Ballard Estate,
Mumbai 400001 1800224344 022-22713671
Chief Vigilance Officer
Bharat Petroleum
Corporation Ltd.
Bharat Bhavan-1, 4 and 6
Currimbhoy Road
Ballard Estate,
Mumbai-400074 022-22713261 022-22713611
LNG Business
Bharat Petroleum,
BHARAT BHAVAN - 3,
13 Walchand Hirachand Road,
Ballard Esate,
Mumbai-400001 022-22713509 -

Certifications:
Bharat Pumps & Compressors Ltd (BPCL) has been awarded the ISO 9001 certificate for its
products and activities including design, engineering, development, installation and servicing of
industrial pumps, compressors and gas cylinders.
The company, which makes fluid handling equipment, was referred to the Board for Industrial and
Financial Reconstr-uction (BIFR) in 1992-93. It, however, came out of the red a year later and
achieved a record turnover of Rs 72 crore in 1995-96 compared with Rs 55 crore in 1994-95. The
company expects a Rs 77 crore turnover and Rs 3 crore net profit in 1996-97.
The companys order book has gone up from Rs 30 crore in October 1993 to Rs 140 crore this
financial year. Its deemed exports in 1995-96 were Rs 23 crore against Rs 14 crore in 1994-95.

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Even before BIFR could sanction its rehabilitation plan, the management revived its gas cylinder
division and by 1995-96, produced 45,000 cylinders.
The product range of gas cylinders was also diversified by developing new products such as CNG
cascades for transport sector. BPCL managing director N Kumar said the company is diversifying
into manufacturing large size special purpose pumps and compressors for hydrocracking units for
the new refineries and CNG compressors and cascades.
3. MARKETS:
A regular gathering of people for the purchase and sale of provisions, livestock, and other
commodities.
1.Major customers:
1.Adroit Builders & ContractorsH. No. 10-3-67/7 ,
New Street ,Humayun NagarH.
No. 10-3-67/7
New Street ,Humayun Nagar(40) 23536013

2.Aliens GroupPlot no # 57 ,
Vittal Rao Nagar ,
Madhapur(40) 40336666

3.Aparna Constructions and Estates Pvt. Ltd#802,
Astral Heights, 8th Floor,Road No.1,
Banjara Hills(40) 23352708/09

4.Ashoka Developers & Builders ltd
Park View Estate,Road No 2
,Banjara Hills(40) 23607272

5. ECi engineering & Construction Company Ltd
Anshu Colors, Plot No. 70,
3rd Floor,Road No. 1,
Jubilee Hills(40) 23552983 – 87

6. Bhoruka Roadlines Ltd14-7-46,
Near Muslimjung Bridge,
Begum Bazar(40) 24744108 24744328 329333126.

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7.Devansh Constructions201,
2nd floor, Aalto’s A & M Trade Centre,
3-6-561,
Himayatnagar Main Road(40) 27643511, 27643512

8. Feedback Ventures Pvt LtdNo: 514,
5th Floor,Meridian Plaza, Ameerpet(40) 234150859.

PRODUCTS
Bharat Petroleum Corporation Limited (BPCL) imports LPG besides imports/exports of other
petroleum products .Bharat Petroleum’s imports are based on domestic demand and supply of
products. On a regular basis, it imports LPG requirements from the Middle East. On occasions,
BPCL also imports products such as Gasoil, Kerosene, Gasoline and Base Oil BPCL exports
number of products such as Naphtha, Fuel oil, Benzene from its refineries. The exports are carried
out on both FOB and CFR basis. All the import-export procedures are carried out through tenders
with invitations sent to only those counterparties that are registered with BPCL. Companies
interested in registering with BPCL for buying/supplying products.
 Petroleum
 Natural gas
 Petrochemicals
Product Lines:
Hydraulic Oils:
We are engaged in offering a wide range of hydraulic oils. Under this, we offer mak hydrol AW
ISO VG: 32, 46, 68, 100, 150, 220, 320, 460. These are oils are specifically used for hydraulic
transmission & circulating systems. Moreover, these oils are recommended for circulation and
hydraulic systems of industry and automotive specific equipment. In addition to this, these have
excellent compatibility with seals & anti-foam, anti-rust & wear properties.
Neat Cutting Oils:

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Our customers can avail from us a wide range of Neat Cutting Oils, sold under the brand name of
MAK NORCAM, with grade of B and C. Specifically developed for extensive range of machining
operations, these are highly refined & transparent. Enriched with extreme pressure properties,
these are blended with highly refined, high viscosity index mineral oils and selected additives.
Applications:
These oils are used for machining yellow metals & ideal for less severe classes of machining on
ferrous metals.
Gear Oils:
Available with us is a wide range of Gear Oils. Under these we offer MAK AMOCAM Oil: 100,
150, 220, 320, 460, 680 & MAK Spirol EP 90, 140, 80W/90, 85W/140. These are high quality EP
gear oils, blended from high viscosity index & solvent refined base oils. Moreover, these are ideal
for lubrication of industrial enclosed gear drives, running at high load & speed conditions.
Rust Preventive Oils:
We offer our clients a wide range of Rust Preventive Oils that works as an efficient and consistent
barrier between the metal and surface atmosphere. The oils form an oily film over work piece
when applied by dipping or spraying.
Quenching Oils:
Our customers can avail from us a wide range of quenching oils, sold under the brand name of
Mak thermol, ISO VG: 22 & 32. These oils are primarily used as a quenching medium for
accelerated quenching operations. Moreover, these contain special additives & are blended from
solvent refined base oils.

MAK Engine Oil:
Our customers can avail from us a wide range of engine oils. Under this, we supply mak
multigrade 20w/40, mak ultra supreme 15w/40 and mak t-40. All these are manufactured using

27

superior quality additives and base oils. Moreover, these are absolutely environment friendly and
reduces friction in engines. Our customers can purchase these at market leading prices from us
Compressor Oils:
We are engaged in offering a wide range of compressor oils, sold under name of Mak hydrol hlp
ISO VG: 46, 68, 100 & 150, ISO VG: 22, 32, 46, 68, 100 & 150. These oils are extra heavy duty
anti-wear oils with excellent thermal stability & high fzg rating. Moreover, these are ideal for
lubrication of screw & vane type rotary compressors. In addition to this, these oils have superior
compatibility with seals & available in grades, that meet below specifications for the respective
viscosity grades.
High Temperature Greases:
We are engaged in offering a wide range of high temperature greases that cater to the needs of
industrial units, refineries, textile industry and automobile sector. Our range of high temperature
greases leaves a protective film that protects metal parts even under extreme conditions of heat,
pressure, steam & salt water exposure. These greases are a multipurpose lubricant suitable to
reduce friction of metal surfaces that allow easy movement
Thermic Fluids:
We have in-store for our customers a wide range of Thermic Fluids, available under brand name
of MAK Cabol Oil 32 TF. These are refined & high viscosity index mineral oils, which maintains
a thin oil film, under light & medium load situations. In addition to this, these are used to offer
shield against rust & has good oxidation & thermal stability. Owing to these factors, our fluids are
used in steel, textile, pharmaceutical, chemical & processing industries.

Marine Oils:

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n addition to oils for road vehicles, we offer our clients high quality Marine Oil (Marineway) as
well. This oil is formulated in conformity with the API TC and JASO FC standard. There is a high
demand of this oil in the domestic market for use in all sea-going vessels.
Major brand
MAK LUBRICANTS:
Lubes as a category shares similar characteristics of the FMCG sector, where brand equity plays a
vital role in brand reputation.Therefore, the BPCL’s MAK Lubricants brand has leveraged both
ATL and BTL routes to enhance brand equity of MAK Lubricants. In addition to ATL activities,
especially in the electronic, outdoors and print media, MAK has been very active in numerous
BTL activities - be it Nukkad Nataks or “one-day wonders” and other promotional programmes at
points of purchase. Consumer and influencer engagement activities have now formed the core of
BPCL’s marketing activities, thus giving impetus to building the MAK Lubricant Brand.


India's latest cricket sensation Mahendra Singh Dhoni is all set to become Bharat Petroleum
Corporation's (BPCL) brand ambassador.
Dhoni is likely to sign the contract during the third test match in Mumbai of the ongoing Test
series against England.

29

Advertising agency:
We have a panel of advertising agencies as well as a media buying agency which are on contract
with us to provide creative options / advertising material and media buying services.
Name
1.M/s JWT
2.M/s Havas Worldwide India Pvt. Ltd
3.M/s L&K Saatchi & Saatchi

4. M/s Intiative Media India Pvt Ltd.

5. M/s Creative Workshop

. M/s Ratan Batra Pvt. Ltd.
Nature of services

Providing design / creative options/
advertising material

Providing media buying services ( Agency
on Record for media buying )

Providing media buying services for
mandatory advertisements / notifications in
print media
Providing media buying services for
mandatory advertisements / notifications in
print media
Advertising slogan:
“Energising Lives; Pure for Sure”
Logo:

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4.FINANACIALS:
Revenue:
2.45 lakh crores INR
2017, US$38 billion

Profitability:

31


Scripts Codes: BSE - NSE

share price face value:

32

P/E Ratio:

Mar ' 18 Mar ' 17 Mar ' 16 Mar ' 15 Mar ' 14
Per share ratios
Adjusted EPS (Rs) 36.51 55.59 102.78 70.32 56.16
Adjusted cash EPS (Rs) 48.72 68.67 128.42 105.11 87.23
Reported EPS (Rs) 36.51 55.59 102.78 70.32 56.16
Reported cash EPS (Rs) 48.72 68.67 128.42 105.11 87.23
Dividend per share 21.00 32.50 31.00 22.50 17.00
Operating profit per share (Rs) 53.79 74.88 152.90 114.99 111.83
Book value (excl rev res) per share EPS (Rs) 157.44 205.15 375.60 310.72 269.11
Book value (incl rev res) per share EPS (Rs) 157.44 205.15 375.60 310.72 269.11
Net operating income per share EPS (Rs) 1,089.38 1,398.25 2,618.00 3,292.66 3,596.55
Free reserves per share EPS (Rs) - - - - -
Profitability ratios
Operating margin (%) 4.93 5.35 5.84 3.49 3.10
Gross profit margin (%) 3.81 4.42 4.86 2.43 2.24
Net profit margin (%) 3.35 3.97 3.92 2.13 1.55
Adjusted cash margin (%) 4.41 4.84 4.85 3.16 2.41
Adjusted return on net worth (%) 23.18 27.09 27.36 22.63 20.86
Reported return on net worth (%) 23.18 27.09 27.36 22.63 20.86

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Mar ' 18 Mar ' 17 Mar ' 16 Mar ' 15 Mar ' 14
Return on long term funds (%) 24.59 26.55 27.45 23.38 23.37


Component ratios
Material cost component (% earnings) 87.64 90.05 85.58 88.93 92.41
Selling cost Component - - - - -
Exports as percent of total sales 4.38 5.02 3.77 5.19 7.35
Import comp. in raw mat. consumed - - 73.03 78.30 77.73
Long term assets / total Assets 0.62 0.62 0.64 0.57 0.46
Bonus component in equity capital (%) 95.70 98.69 88.30 88.30 88.30


Share Holding Pattern in (%):


SEP' 18 JUN' 18 MAR' 18 SEP' 17
Promoter 53.93 53.89 54.31 54.93
Public (FII + DII) 46.07 46.11 45.69 45.07
Others 0.00 0.00 0.00 0.00

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Total 100.00 100.00 100.00 100.00
6.GOVERNANCE:
Philosophy:
The consumption of petroleum has been increased tremendously in both industries and transport
sector. For economic development of any country these two sectors are very important. It is learnt
that day by day the increase in demand of fossil fuels leads to exhaust of petroleum products in
near future. So the time has come to identify alternative fuels for diesel such that they may serve
as fossil fuels, which are depleting at much faster rate than expected. And also the rising prices of
petroleum products and environmental concern led to intensive studies on use of alternative fuels.
There is lack of sufficient oil reserves in India. Because of growing demand of petroleum products
our government spending billions of dollars for their imports. Though diesel engines play a vital
and indispensable role in today’s modern life, it contributes to pollution substantially.
Action Taken by SEBI :
Life Insurance Corporation of India has submitted to the Exchange a copy of disclosure under
Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Involvement in Scams:
BPCL, IOC and HPCL respond to petrol pump chip scam with e-keys in fuel tankers and full
automation of pumps
June this year was the hottest one in four years in North India, but it wasn't the soaring
temperatures that caused frayed tempers. Instead India was reeling under the news of a petrol
pump chip scam-fuel dispensing units at petrol pumps across the country had been fitted with a
special remote-controlled chip that would release 20-50 ml less for every litre of petrol/diesel that
a customer purchased.

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But since the electronic display would show the correct measure of fuel, customers had no way of
knowing that they were being short-changed by 7-10% of fuel. As of December 1, over 100 retail
outlets across India have been shut down on account of electronic chip manipulation in dispensing
units.
Lesson learnt the hard way, all the government-owned oil marketing companies (OMCs) are
reportedly focussing on complete automation and real-time monitoring of all their outlets. Indian
Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum
Corporation (BPCL) are now planning to introduce an "e-key" facility for tankers carrying fuel
from depots to retail outlets.
According to the Business Standard, tankers carrying fuel from terminals to dealer outlets would
not just have global positioning system (GPS) tracking but also an electronic key (e-key). The
tanker can then only be opened through a one-time password (OTP) at retail outlets. "Even if we
have centralized GPS tracking, people can manipulate it and divert routes. In this case, if a
particular tanker takes more time to reach the particular destination from a terminal, the dealer will
need special permission from the companies other than the OTP," said an official close to the
development to the daily. He added that the end-to-end automation involves tracking of fuel gone
through nozzles and tanks and will also transfer data to the central system. The ministry of
petroleum and natural gas is hopeful that this strategy will reduce adulteration and diversion of
fuel.
Insider trading issue:

36

Standard and Poor’s Corporate Goverance:


Awards:
 BPCL Brand Quiz Baadshah – 2018 Enters Asia Book of records as Largest Corporate
Brand Engagement Pr
 Technology Excellence Award” for BPCL Kochi Refinery’s expansion project
 BPCL LPG Marketing Receives OISD Safety Award for Best Performance
 Refinery Performance Improvement & Innovation Awards 2016-17
 BPCL Stars in SCOPE Corporate Communication Excellence Awards
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