BPCL

Bharat Petroleum Corporation Limited (BPCL) and Oil India Limited (OIL) have announced a strategic partnership to develop city gas distribution (CGD) networks in Arunachal Pradesh. The collaboration aims to strengthen energy accessibility in the northeastern state by providing cleaner fuel alternatives such as piped natural gas (PNG) for households and compressed natural gas (CNG) for vehicles.

Bharat Petroleum Corporation Ltd (BPCL) has reported a 24% drop in its net profit for the January-March quarter of fiscal year 2024-2025, attributed to losses from the sale of subsidized domestic cooking gas (LPG) and reduced refining margins. Despite facing challenges, including a substantial loss on LPG sales and lower gross refining margins, BPCL’s market sales and refinery throughput saw some growth. The company’s performance has been heavily influenced by government policies and global oil price fluctuations.

Sembcorp Industries has entered into a 50:50 joint venture with Bharat Petroleum Corporation Ltd (BPCL) to develop renewable energy and green hydrogen projects across India. The newly formed venture, Sembcorp Green Hydrogen India, will focus on producing renewable energy and green hydrogen, along with its derivatives such as green ammonia. This collaboration aligns with India's climate goals and BPCL’s ambition to achieve net-zero emissions by 2040.