Bharat Petroleum Corporation (BPCL) is reportedly all set to bag ‘Maharatna’ status by the end of FY16, joining the select league of seven Central Public Sector Enterprises (CPSEs) as falling crude oil prices and reduced losses are likely to add significantly to its profitability. With reduced debts, the second largest state-owned refiner is planning to invest Rs 1 lakh crore in the next five years.
BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.