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The theme ‘Energy Solutions Leapfrogging Bharat’ - encapsulates our vision of powering a nation that is advancing at an unprecedented pace. As we deliver innovative and integrated energy solutions, we remain committed to deepen trust, strengthen our position in India’s energy value chain and secure long-term energy security for a rapidly growing Bharat.

Energy Solutions.
Leapfrogging Bharat.

At Bharat Petroleum, we take great pride in powering the everyday lives of millions of Indians.

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Energizing India's
Relentless Progress

BPCL offers an integrated portfolio consisting of Fuels, Lubricants, LPG, Natural Gas, Convenience Retail and Digital Services.

#8

Largest Company in India by Turnover

#3

Largest Refining Capacity in India, Accounting for ~14% of India's Refinery Capacity in 2025

#285

Ranking on Fortune 500 Global List for 2025

#2

Largest Oil Marketing Company in India by Domestic Sales Volume

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Business Verticals

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Refineries

We account for approximately 14% of India’s refining capacity, with a consolidated refining capacity of 35.3 MMTPA across our Mumbai, Kochi, and Bina refineries, making us the third-largest refiner in the country.

KEY HIGHLIGHTS

41.15 MMTPA
Crude Throughput

Retail

BPCL's retail network serves millions of customers every day through 25,323 retail outlets across India.

KEY HIGHLIGHTS

29.81%
MS retail market share among PSU OMCs (▲0.12% in MS)

LPG

BPCL’s LPG business continued to strengthen its portfolio during FY 2025–26 through capacity augmentation, supply chain expansion, and technology-led modernization.

KEY HIGHLIGHTS

27.53%
Market share of packed LPG (highest ever till date)

Lubricants

MAK, our flagship lubricants brand, provides high-performance lubricants that support diverse automotive and industrial applications.

KEY HIGHLIGHTS

428.3 TMT
Sales volume recorded by MAK Lubricants

Aviation

Our Aviation Strategic Business Unit (SBU) delivers safe, reliable and efficient aviation fuel through an integrated value chain spanning refining, storage, distribution and into-plane services.

KEY HIGHLIGHTS

2,192 TMT
Total aviation fuel sales

Industrial and Commercial

Our Industrial and Commercial (I&C) Strategic Business Unit (SBU) is the dedicated B2B arm serving a wide range of industrial customers, across sectors such as Defense, Power, Cement, Railways, and Petrochemicals.

KEY HIGHLIGHTS

7.2 MMT
Sales

Non-Fuel Solutions

Our Consumer Retailing Business Unit pursues an omnichannel rural retail strategy through a network of 'touch-and-feel' convenience stores.

KEY HIGHLIGHTS

More than 1,000 Urja Devis serve as BPCL’s mascots in deep rural areas, actively promoting our products and services.

Gas

Supporting India’s transition towards a low-carbon economy, we are rapidly expanding our city gas networks.

KEY HIGHLIGHTS

2,289 TMT
Gas supplied across key customer segments, including Refineries and Fertilizers, Power and Steel Plants and CGD (▲ 25%)

Renewables

In line with the country’s decarbonization roadmap, we are consistently expanding our renewable energy portfolio.

KEY HIGHLIGHTS

5 MW
Green Hydrogen plant commissioned at Bina Refinery

Biofuels

BPCL continues to strengthen its biofuels portfolio to support India's clean energy transition and enhance energy security.

KEY HIGHLIGHTS

19.87%
Average Ethanol blending achieved in FY26.

Petrochemicals

FY 2025–26 marked a defining year in laying the strategic foundations for BPCL's petrochemicals business.

KEY HIGHLIGHTS

Kochi Refinery
The Polypropylene project is targeted for completion by October 2027, strengthening BPCL's integrated refining and petrochemical capabilities

Pipelines

Our pipeline network provides an efficient and reliable passage for the safe movement of crude oil and petroleum products.

KEY HIGHLIGHTS

3,962 km
Total pipeline network (3,025 km of Product
pipeline + 937 km of crude oil pipeline)
Refineries
Retail
LPG
Lubricants
Aviation
Industrial and Commercial
Non-Fuel Solutions
Gas
Renewables
Biofuels
Petrochemicals
Pipelines

FY 2025-26 Highlights

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Revenue
₹ 5,22,820 Cr4.46%
Net profit
₹ 25,843 Cr93.78%
Cash flow from operating activities
₹ 50,769 Cr114.41%
Basic earnings per share
₹ 60.4993.78%
Return on capital employed (RoCE)
33%65.83%
Capital ExpenditureHighest ever
₹ 21,372 Cr36.05%
YoY increase | 1 Consolidated
Gross refining margin
$ 11.74/bbl72.14%
Refinery crude throughputHighest ever
41.15 MMT1.58%
Capacity utilization (Refineries)Highest ever
116.6%1.37%
Domestic Market SalesHighest ever
54.18 MMT3.4%
YoY increase
Renewable energy share in total electricity consumed
5.29%
Wastewater recycled
11,594.39 TKL
GHG emissions abated through refineries energy conservation (ENCON) initiatives
1,29,581 MT CO2e
Total CSR beneficiaries
25.97 lakh
Total loss time free manhours (Refineries)
113 Mn
Installed renewable capacity
251.14 MW
Renewable Capacity Under Development
100.8 MW
Patents filed
22
Patents granted
11

Chairman's Message

Fueling India's
Next Leap

As we enter the next phase of our journey and celebrate 50 years of nation-building, we do so with confidence, purpose and optimism. The future belongs to organisations that have the courage to transform before they are compelled to, and BPCL is committed to leading that transformation."

Sanjay KhannaChairman & Managing Director

Our Subsidiaries
and Joint Ventures

Subsidiaries

100%

Bharat PetroResources Ltd.

100%

Bharat Petroleum Global Energy Services (Singapore) Pte. Ltd

74%

BPCL-KIAL Fuel Farm Facility Pvt. Ltd.

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Project Aspire

Two years into our five-year strategic roadmap, Project Aspire continues to shape BPCL's growth journey. Since its launch in FY 2024-25, backed by a capital expenditure of K 1.7 lakh crore, the programme has strengthened our core businesses, accelerated new growth initiatives and created immense value for our businesses.

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A Legacy of Trust,
Loyalty and Excellence

For over five decades, BPCL has earned the trust of millions by consistently delivering quality, reliability and service excellence.

Our Brand Ambassador

RAHUL DRAVID: THE ENDURING FACE OF MAK LUBRICANTS AND PURE FOR SURE

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ESG Performance Highlights

Environment

251.14 MW

Installed renewable energy capacity

1G + 2G

Bio-Ethanol Refinery Commissioned at Bargarh, Odisha

12.90 lakh

Trees planted cumulatively

5 MW

Electrolyzer at Bina Refinery producing 2.1 MTPD of green hydrogen

17.97 lakh sqm

Total rainwater harvesting catchment area

1st

CBG Plant commissioned in Kochi with a capacity of 5.6 MTPD

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Social

41,513

Employees and workers including contract workforce

113 million

Employee man-hours worked without Lost Time Accidents (LTA) in refineries

15.50%

Increase in total female permanent employees and workers from previous year

Zero

Pending and upheld POSH cases

₹ 267.17 Cr

Total CSR expenditure

25.97 lakh

Total CSR beneficiaries in projects closed during
FY 2025-26

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Governance

130

Vigilance awareness sessions conducted

97%

Customer complaints resolved

20%

KMPs* are female

100%

Board-level Committees headed by
Independent Directors

Zero

Instances of data breaches

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*Includes C&MD, WTD, CS & CFO

Ratings and Rankings

CSA (S&P)

54

Score increased from 49 in previous year

Morningstar Sustainalytics

35

ESG risk rating improved from 39.9 in previous year

SEBI ESG Rating Providers (ERPs)

4 out of 5

Achieved top rating amongst its peers

Climate

B

(Management Level) CDP Climate Disclosure, elevated from ‘C’ in previous year

Water

B-

Rating secured in BPCL’s first year of reporting

Celebrating a Legacy of Enduring Excellence

FIPI OIL & GAS

Won the ‘Pipeline Transportation – Company of the Year’ award for excellence across India’s oil and gas value chain, honoring BPCL Pipelines’ outstanding operational excellence, safety, reliability and infrastructure robustness.

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