BPCL to invest in city gas distribution projects
ECONOMY & POLICY

BPCL to invest in city gas distribution projects

On Wednesday, Bharat Petroleum Corporation (BPCL) announced that its board of directors had approved the financial plan and capital expenditure for constructing and operating eight city gas distribution (CGD) projects, as well as for laying the piped gas network, for an estimated investment of 353,550 million.

The business is authorised to work on the projects "under PNGRB (Petroleum and Natural Gas Regulatory Board) CGD Bid Round 11 and 11A with an anticipated investment of 353,550 million in a staggered manner," according to the statement issued by BPCL with stock markets.

According to the corporation, the aforementioned initiatives would need to receive the necessary government of India statutory authority permissions. Accordingly, the business declared that it was now creating a CD network in 25 geographic areas, including the CDs mentioned above, which would span 62 districts in 14 states.

The Ministry of Petroleum and Natural Gas owns the central public sector enterprise Bharat Petroleum Corporation Limited (BPCL).

According to the corporation, the aforementioned initiatives would need to receive the necessary government of India statutory authority permissions. Accordingly, the business declared that it was now creating a CD network in 25 geographic areas, including the CDs mentioned above, which would span 62 districts in 14 states.

The Ministry of Petroleum and Natural Gas owns the central public sector enterprise Bharat Petroleum Corporation Limited (BPCL). It runs refineries in Mumbai, Kochi, and Bina. The ministry of petroleum and natural gas is in charge of the second-largest government-owned downstream oil producer in India, BPCL. It came in at 309 on the 2020 Fortune list of the largest public sector organisations in the world and at 792 on the 2021 Forbes list. The "Global 2000" list.

On Wednesday, Bharat Petroleum Corporation (BPCL) announced that its board of directors had approved the financial plan and capital expenditure for constructing and operating eight city gas distribution (CGD) projects, as well as for laying the piped gas network, for an estimated investment of 353,550 million. The business is authorised to work on the projects under PNGRB (Petroleum and Natural Gas Regulatory Board) CGD Bid Round 11 and 11A with an anticipated investment of 353,550 million in a staggered manner, according to the statement issued by BPCL with stock markets. According to the corporation, the aforementioned initiatives would need to receive the necessary government of India statutory authority permissions. Accordingly, the business declared that it was now creating a CD network in 25 geographic areas, including the CDs mentioned above, which would span 62 districts in 14 states. The Ministry of Petroleum and Natural Gas owns the central public sector enterprise Bharat Petroleum Corporation Limited (BPCL). According to the corporation, the aforementioned initiatives would need to receive the necessary government of India statutory authority permissions. Accordingly, the business declared that it was now creating a CD network in 25 geographic areas, including the CDs mentioned above, which would span 62 districts in 14 states. The Ministry of Petroleum and Natural Gas owns the central public sector enterprise Bharat Petroleum Corporation Limited (BPCL). It runs refineries in Mumbai, Kochi, and Bina. The ministry of petroleum and natural gas is in charge of the second-largest government-owned downstream oil producer in India, BPCL. It came in at 309 on the 2020 Fortune list of the largest public sector organisations in the world and at 792 on the 2021 Forbes list. The Global 2000 list.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement