Bharat Petroleum Corporation Ltd (BPCL) has unveiled an ambitious capital investment programme of over Rs 1.70 lakh crore to drive its transition toward a multi-energy future by 2027.

The plan covers key areas such as expanding refining and upstream capacity — including increasing its 35.3 MMTPA refining capacity through upgrades at Mumbai, Kochi and Bina refineries. A new 9 MMTPA greenfield refinery in Andhra Pradesh worth around Rs 90,000 crore is also planned.

BPCL aims to strengthen its petrochemical business through a Rs 5,000 crore polypropylene plant in Kochi and a Rs 49,000 crore ethylene cracker and petrochemical complex at Bina. 

These projects will raise its petrochemical capacity to 3.2 MMT and contribute around 8 percent of revenue by FY29.

In renewables and future fuels, BPCL is expanding its network of multi-energy stations offering CNG, LNG, EV charging and battery swapping. 

It already operates over 6,500 EV charging points — the highest among oil marketing companies — and targets 10 GW of green energy capacity by 2035. A 5 MW green hydrogen plant at Bina is operational, and a green hydrogen refuelling station is being developed near Kochi.