Bharat Petroleum Corporation (BPCL) is reportedly planning to raise $500 million from the market to fund expansion of Bina, Kochi, Mumbai and Numaligarh refineries. The company has recently notified stock exchanges about its plan to raise Rs 2,000 crore in the current fiscal via private placement of non-convertible debentures (NCD) depending on market conditions.
Bharat Petroleum Corporation (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.