Bharat Petroleum Corporation (BPCL), a public sector undertaking, is a Fortune 500 Company involved in the business of refining, storing, marketing and distributing petroleum products. It was incorporated on Nov. 3, 1952 as a private limited company and got its current name in 1977. Ashok Sinha is the chairman and managing director of the company. The organizational structure of BPCL has been revamped to form six new strategic business units of refinery, retail, industrial & commercial, lubricants, aviation and LPG. The company manufactures petroleum and petroleum products, asphalt, bituminous substances, carbon, carbon black, hydrocarbons, mineral substances and by-products. BPCL currently has refineries in Mumbai and Kochi with a capacity of 12 MMT and 7.5 MMT per annum respectively for refining crude oil. BPCL`s subsidiary in Numaligarh has a capacity of 3 MMTPA. BPCL has signed farm-in agreements for acquiring participating interest in an Australian block in the Timor Sea and in the North Sea (UK). It plans to upgrade its refinery at Mumbai to produce Euro-IV standard petrol and diesel and to bring in equity of Rs 10 billion into the JV company Bharat Oman Refineries, which is implementing the six-million ton refinery project in Bina (Madhya Pradesh). BPCL is entering the Sri Lankan market to market its Mak brand of lubricants and will market certain BSNL products in Kerala. In 2006, BPCL was voted as one of the leading brands in India by MEDIA, a leading international magazine and ranked 110 in Platts 2006 world ranking. BPCL caters to the fuel needs of approximately 8,000 industrial customers spread across the country, including defence, railways, ..etc. It is looking to export LPG. The registered office is at Bharat Bhavan, 4&6 Currimbhoy Road, Ballard Estate, Mumbai-400001.
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