Project Aspire: BPCL chalks out roadmap for 2028 with ₹1.5-lakh cr push.

State-run Bharat Petroleum Corporation (BPCL) recently unveiled Project Aspire, its ₹1.5-lakh crore push in the next five years to strengthen refining, marketing and upstream sectors, and charting the course for green energy and rural FMCG retailing push.

The oil marketing company (OMC) is reassessing and re-prioritising its focus areas in light of the latest energy industry trends and governmental policies.

“Introducing Project Aspire - our new strategy that is built on eight pivotal pillars. These pillars are clubbed under two main themes: Nurturing the core and future big bets,” BPCL Chairman G Krishnakumar said at the company’s annual general meeting.

Nurturing the core has three foundational pillars—Refining, Marketing and Upstream. Future big bets is anchored on five key areas: Gas, Non-fuel Retailing, Petrochemicals, Green Energy Businesses, and Digital Ventures, he added.

“The company has set a planned capex outlay of around ₹1.5 lakh crore in the next five years which will enable BPCL to create long-term value for our stakeholders while preserving our planet for future generations,” he said.

HBL