Bharat Petroleum Corporation Ltd
NSE: BPCL BSE: 500547
₹372.30
(-2.26%)
Wed, 25 Feb 2026, 04:04 am
Market Cap1627.79B
PE Ratio6.46
Dividend2.67
Energy Minerals
Oil Refining/Marketing
24.5KCompany History
1928
- Burmah Shell Oil Storage & Distribution Company of India incorporated in England for petroleum business in India.
1952
- Burmahshell Refineries Limited incorporated on 3rd November.
- Shell and Burmah Oil set up Burmah Shell Refineries for Mumbai refinery.
1955
- Mahul, Chembur refinery in Mumbai commissioned in January.
- Introduces LPG as cooking fuel and educates customers.
1976
- Name changed to Bharat Refineries Limited on 12th February.
- Operations of Burmah Shell in India nationalised; Refinery and Marketing Companies merged to form BPCL.
1977
- Name changed to Bharat Petroleum Corporation Limited on 1st August.
1979
- Government of India acquires 100% equity of BSR and rights/liabilities of BSM per 1979 agreement.
1992
- Commissions 50 retail outlets including 9 rural and 7 SKO/LDO dealerships; total outlets 4,090, LDO 928.
- Government sells 20% shares to financial institutions and mutual funds; President holds 80%.
1993
- Installs microprocessor-based digital control systems in catalytic reformer and solvent unit.
1994
- Commissions 124 retail outlets and 10 SKO/LDO dealerships.
- Incorporates Bharat Oman Refineries Ltd JV with Oman Oil Co.
- Promotes Bharat Shell Ltd with Shell for marketing lubricants.
1995
- Plans 6 MMTPA JV refinery with Oman Oil at Bina, MP.
- Signs MoU with Pepsi Foods for chilled Pepsi at retail outlets.
- Signs MoU with Bank of Baroda for co-branded credit card.
1996
- Commissions 61 retail outlets and 12 SKO/LDO dealerships.
- Forms Petronet India Ltd for petroleum product pipelines.
- Commissions LPG port terminal at Okha, Gujarat.
- Embarks on strategic change plan, creates six Strategic Business Units.
1997
- Enters MoU with Ministry of Petroleum & Natural Gas, rated Excellent.
- Launches Apollo air stations at Mumbai petrol pumps.
- Signs MoU with Sanghi Group for fuel supply to projects.
- Sets up 6 mtpa refinery at Bina, plans Vadinar mooring and pipeline.
- ONGC joins for Rs 2,552 crore petrochemical project in Hazira.
- Signs naphtha supply agreement with GVK Industries.
- Proposes Cochin-Karur pipeline.
- GAIL and BPCL sign MoU for JV to supply pipeline cooking gas in Delhi.
- Plans JV with Shell for 7 mtpa refinery in UP.
- Plans maintenance shutdown of Mumbai refinery.
- Closes crude distillation unit and crackers for maintenance.
- Plans Rs 300 crore for new terminals in eastern region.
- Signs fuel supply agreement with Atria Power for 103 MW project.
1998
- KPCL enters fuel supply agreement for 300 MW project at Bidadi.
- Plans five new self-servicing petrol and diesel bunks.
- Enters agreement with Herdillia Chemicals for naphtha supply.
- Shell and BPCL to hold 26% each in UP refinery JV.
- Launches new lubricants in Calcutta.
- SPCL signs FSA for furnace oil supply.
- Forms 50:50 JV PIL with Gujarat Gas.
- Commissions Rs 450 crore Mumbai-Manmad pipeline.
- Workers observe nationwide strike on April 7.
- Commissions first phase of Haldia coastal storage facility.
- Ties up with Petronet for Kochi-Karur pipeline JV.
- Proposes naphtha cracker petrochemical complex in Tamil Nadu.
- Sets up 3 mtpa refinery at Numaligarh with IBP and Assam Govt.
- Enters fuel supply agreements with 22 IPPs and 4 captive plants.
- Launches new marketing initiatives for lubricants.
- Indraprastha Gas JV with GAIL to supply pipeline gas in Delhi.
- Bags fuel supply contract for KSEB Kozhikode project.
1999
- Sets up LPG bottling plant in Hoskote Taluk near Bangalore.
- Commissions hydrant fuelling system at Cochin International Airport.
- Takes 6% equity in Cochin International Airport.
- Bharat Oman Refinery JV with Oman Oil Co. nears financial closure.
- KPC Bidadi Power enters FSA for naphtha supply.
- JNPT and BPCL sign license for liquid cargo jetty.
- Explores extending crude pipeline from Bina to Allahabad.
- Introduces smart-card technology at Chennai retail outlets.
- Enters marketing agreement with Reliance Petroleum Ltd.
2000
- Enters MoU with Ministry of Petroleum & Natural Gas, awarded Excellent rating.
- Launches Petro Card for retail market in Gujarat.
- Ties up with McDonald's for restaurants at petrol pumps.
- Considers voluntary retirement scheme for middle-level staff.
- Signs Transport Service Agreement with GAIL.
- Launches co-branded Bharat Iftex MFA with Iftex Petrochemicals.
- Issues bonus shares in 1:1 ratio.
- Alliances with SurfGold.com and Big Mac for highway complex.
- Receives FICCI award for rural development.
- Launches SmartFleet card for fleet owners.
- Acquires 55% stake in Kochi Refinery Limited and 19% in Numaligarh Refinery Limited.
2001
- Launches co-branded SmartFleet card with Tata Finance.
- Ties up with Quicky's, Pepsi Foods, Kwality Walls for beverages at petrol pumps.
- Joins eCash Forum with Standard Chartered Bank, HDFC Bank.
- Proposes to acquire Government of India's stake in Kochi Refineries Ltd.
- Appointed sole distributor for Shell aero lubes by Shell Aviation Ltd.
- Launches In & Out convenience retailing at 14 outlets.
2002
- Appoints S Vijayaraghavan as Additional Director.
- M B Lal relinquishes office as Director (Refineries).
- Ties up with Tata Engg for co-branded lubricants.
- U Sundararajan retires as Chairman & MD; S Behuria takes over.
- Introduces premium grade petrol Speed in Mumbai.
- SCI ties up for crude transportation.
- Introduces 5kg cylinder for rural market.
- Ties up with Cafe Coffee Day for outlets at In&Out petrol pumps.
- Appoints Shri S Radhakrishnan as Director (Marketing Coordination).
- Appoints Mr. Mukesh Rohatgi as Director (Refineries).
2003
- Restructures board with four new non-executive directors.
- Signs agreement with ONGC to sell crude oil for 2 years.
- Forges alliance with Petrovietnam for 200,000 tonnes naphtha supply.
- Ties up with HLL for marketing durables and FMCG via LPG outlets.
- Launches Speed '93 premium petrol.
- Launches Beyond LPG offer with discounts on FMCG utensils.
- Appoints Shri S Radhakrishnan as Director (Marketing).
- Appoints Mr. Mukesh Rohatgi as Director (Refineries).
- Appoints Shri V D Gupta, Shri P C Sen, A H Kalro as part-time non-official directors.
- Appoints Shri A K Srivastava as Director.
- Bags third slot in Asiamoney's corporate governance poll.
- Signs cooperation agreement with ONGC for exploration, production, refining, marketing.
- Completes first swap transaction and interest rate derivative.
2004
- Negotiates five-year product purchase agreement with Reliance Industries.
- IDBI Bank enters B2B e-commerce arrangement with BPCL.
- Signs initial contract with Saudi Aramco.
- Ties up with Tata Consultancy Services for medical services at Ghar highway retailing.
- Kochi Refineries Ltd signs MoU with BPCL on capacity utilisation.
- Forges alliance with E-Charge Tech for pre-paid product distribution.
- GAIL signs JV agreements with BPCL for city gas projects in Kanpur and Pune.
- Opens Mak Lubeshoppe at Akkayyapalem.
- Launches Hi Speed Diesel.
- Forges alliance with poultry association in Namakkal.
- Ties up with Tata Motors for co-branded lubricants.
- Speed ties up with consortium to sponsor motor racing.
2005
- Launches Speed 97 high-octane petrol.
- Launches Vehicle Care Centres at retail outlets.
- Madhya Pradesh Government signs MoU with Bharat Oman Refineries Ltd for 6 MMTPA refinery at Bina.
2006
- Decides to work with MMTC on hydrocarbon marketing.
- Enters MoU with Petroleo Brasileiro SA (Petrobras).
- Acquires first Nigerian Erha cargo.
- Reappoints Shri. D N Narasimha Raju as Additional Director.
2007
- Appoints Prof N Venkiteswaran as Additional Director.
- Acquires interest in North Sea basin.
- Plans to offload 49% stake in Bharat Shell.
2008
- Appoints Ms. Rama Bijapurkar and Shri. S K Barua as Additional Directors.
- Plans Rs 2,200 crore infusion in bio-diesel project via venture.
- Plans 5 MW wind power farm in Andhra Pradesh.
- Unveils GPS-based vehicle tracking system for 5,200 tanker trucks.
2009
- Signs agreement with Oman Oil Company and BORL for additional investment in BORL.
- Farms into Nunukan PSC in Indonesia.
2010
- Discovers natural gas reserves off Mozambique.
- Announces successful pre-salt flow test offshore Brazil.
- Commissions international bunkering facilities at Kochi port.
- Enters agreement with Norwest to acquire shale gas acreages in Australia.
- Discovers major natural gas in offshore Mozambique.
- Discovers hydrocarbon in ultra deepwater Sergipe-Alagoas Basin, Brazil.
- Discovers oil and gas offshore Indonesia.
- Appoints R K Singh as chairman.
- Receives ABCI Awards: Silver for Petro Plus, Bronze for web campaign.
- Wins first prize for Best Display at Petrotech-2010.
- Corporate website wins first prize in Most User Friendly Website at India eGov 2.0 Awards.
- Receives Green Business Leaders Award 2009-2010.
- Receives NDTV Corporate Sustainability Report Award.
- Ranks 289th in Fortune Global 500 for 2008-09.
2011
- Goodyear India enters agreement to open tyre care shops at BPCL petrol pumps.
- Discovers oil and gas in Sergipe-Alagoas Basin, Brazil.
2012
- BPRL achieves appraisal success in offshore Mozambique.
- Successful flow test offshore Mozambique.
- BPRL announces extension of exploration success with new discovery area in offshore Mozambique.
- Invests Rs 75 crore to set up 22 kV substation at Kochi Refinery.
- Signs MoU with LG Chem for JV petrochemical plant adjacent to Kochi Refinery.
- Discovers hydrocarbons in Espirito Santo Basin, offshore Brazil.
- Discovers hydrocarbons in Cauvery Onland, Tamil Nadu.
- Signs MoU with Kerala government for tax deferments on IREP and petrochemical complex.
- Plans Rs 45,000 crore investments by 2017 in upstream and downstream projects.
- Raises USD 500 million through maiden 10-year bond issue.
- Issues bonus shares in 1:1 ratio.
2013
- Petrobras completes formation test in Farfan area, Sergipe-Alagoas Basin, Brazil.
- BPRL announces new natural gas discovery in offshore Mozambique.
- Introduces IVRS for Bharatgas refill booking.
- Launches Universal Tractor Transmission Oil MAK Trac Magic + in Punjab and Haryana.
2014
- BPRL announces increase in recoverable natural gas resources in Mozambique.
- Gas discovery in Cauvery Basin by ONGC-BPRL Consortium.
2015
- Receives Environment Ministry approval for Rs 4,588 crore refinery expansion.
- Acquires additional shares of Petronet CCK Limited.
- Jointly develops CGD Network in Haridwar district with GAIL Gas.
- Commissions new Crude Distillation Unit in Mumbai.
2016
- Acquires stake in Sabarmati Gas Ltd.
- Acquires additional stake in Petronet CCK Limited, increasing to 99.96%.
- Gains on RBI approval to hike FII limit to 49%.
- Launches rural marketplace initiative Umang.
2017
- Conferred with Maharatna Status.
2018
- Kochi Refinery bags Technology Excellence Award for IREP commissioning.
- Bharat Gas plans Rs 4,000 crore investment in 2 Maharashtra projects.
- Mumbai Refinery receives first prize for Refinery Performance Improvement Award 2016-17.
2019
- Agreement for JV company for Kandla Gorakhpur LPG Pipeline.
- Receives Golden Peacock Award for Sustainability for FY 2018-19.
- Receives FIPI Oil & Gas Award for Oil Marketing Company of the Year.
2020
- Bags CII Environmental Best Practices Award.
- Receives special award from Minister Dharmendra Pradhan.
2021
- Receives Sustainability Performance Award and CSR Award from ICC.
- Corporate R&D Team bags FICCI Chemicals and Petrochemicals Award for best green process in petrochemical sector.
2022
- Informs about Petrochemical Project at Kochi Refinery.
- Signs MoU with Petrobras to diversify crude oil sourcing.
- Bags 17 awards at Greentech Quality and Innovation Award.
- Rolls out second phase of EV Charging Stations in Southern India.
- Recognized as India's most sustainable Oil and Gas Company in Dow Jones Sustainability Indices.
2023
- Announces capital infusion through rights issue of equity shares.
- Mumbai Refinery receives Golden Peacock Environment Management Award.
- Recognized as one of most sustainable organizations by Economic Times Edge.
- Inaugurates Vigilance Awareness Week.
2024
- Issues bonus shares in 1:1 ratio.
- Mumbai Refinery inaugurates commercial use of indigenous FCC Bottoms Cracking Additive BHARAT BCA.
- Extends partnership with IONAGE to strengthen EV charging ecosystem.
- Unveils Bharat Hi-Star PNG Stove.
- Launches drone reforestation project to revitalize Nashik lands.
2025
- Mumbai Refinery conferred Best Sustainable Project of the Year Award at Sustainable Summit & Awards.
- Recognised for exemplary safety performance at NSCI Safety Awards.
- Wins four awards at Indian PSU Achievers Awards.
- Honored for Excellence in Sustainability & Governance at ICC Vision Awards.
- Wins Gold at Economic Times Human Capital Awards for HR Excellence.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800