{"id":116776,"date":"2024-08-18T20:29:15","date_gmt":"2024-08-18T20:29:15","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/18\/bpcl-plans-to-invest-rs-1-7-lakh-crore-for-expansion-times-of-india\/"},"modified":"2024-08-18T20:29:15","modified_gmt":"2024-08-18T20:29:15","slug":"bpcl-plans-to-invest-rs-1-7-lakh-crore-for-expansion-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/18\/bpcl-plans-to-invest-rs-1-7-lakh-crore-for-expansion-times-of-india\/","title":{"rendered":"BPCL plans to invest Rs 1.7 lakh crore for expansion &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/photo\/msid-112612561,imgsize-834305.cms?fit=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"BPCL plans to invest Rs 1.7 lakh crore for expansion &#8211; Times of India\" title=\"BPCL plans to invest Rs 1.7 lakh crore for expansion &#8211; Times of India\" \/><\/div>\n<div>NEW DELHI: State-owned Bharat Petroleum Corporation plans to <!-- -->invest<!-- --> Rs 1.7 lakh crore over the next five years to grow its core <!-- -->oil refining<!-- --> and <!-- -->fuel marketing<!-- --> business as well as in \u2018future big bets\u2019 of petrochemicals and green energy, its chairman G Krishnakumar has said.<br \/>Bharat Petroleum Corporation (<!-- -->BPCL<!-- -->), currently, owns about 14% of India\u2019s oil refining capacity and about a quarter of the fuel retailing network.It plans to grow these businesses while foraying into newer areas.<br \/>The firm is now implementing the first phase of a multi-decade aspirational journey in the form of \u2018Project Aspire\u2019 \u2014 its five-year strategic framework that is based on two fundamental pillars \u2014 \u2018Nurturing the Core\u2019 and \u2018Investing in Future Big Bets\u2019, he said in the company\u2019s latest annual report.<br \/>\u201cOur mid-term strategy is on a continuum. While we remain committed to growing our core businesses, which include refining and marketing petroleum products and upstream, we are equally focused on our big bets comprising petrochemicals, gas, green energy, non-fuel retail, and digital.<br \/>\u201cProject Aspire, with a planned capex outlay of around Rs 1.7 lakh crore over five years, will enable us to create long-term value for our stakeholders while preserving our planet for future generations,\u201d he said.<br \/>\u201cA cornerstone of our long-term strategy, Project Aspire, with a Rs 1.7 trillion investment, marks the initial phase of our multi-decade odyssey to shape the energy of tomorrow. This, coupled with our robust balance sheet, fuels our ambition to lead the energy transition.\u201d <\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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