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BPCL to Invest Rs 7000 Crore in Retail & Products Business?

  • Sources have told Bloomberg UTV that BPCL may have plans to ramp up marketing infra facilities. The company plans to ensure 5-6% yearly growth in petro product business. For this, it may invest Rs 1400 cr every year, approximately Rs 7000 cr in five years.BPCL may add 2500 retail outlets in five years, depending on the growth potential, added sources. Currently, BPCL has 10,000 retail outlets across India.The company may also have plans to ramp up and augment depots & installations. Currently, it has 141 storage points across country.BPCL is also said to be looking at plans to increase bottling plants from the current 49. Aviation service stations too may go up from 34 as per need. Sources also say the OMC may have plans to add pipeline network across country to facilitate transport.

-BPCL’s current under-recovery at Rs 3,646 cr

-As of Q3, co received subsidies worth Rs 19,142 cr

-BPCL has capex plans of Rs 40,000 cr in five yrs

-To raise 20,000 cr from markets, rest via internal accruals

-Co yet to respond to Bloomberg UTV’s query

  • At close yesterday, the company’s stock was at Rs 598.05, up 1.54% on the BSE.

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