SECTOR
BPCL gets nod to incorporate wholly owned subsidiary
Oct-24-2026

Bharat Petroleum Corporation (BPCL) has received approval for the incorporation of a Wholly Owned Subsidiary (WOS) in India, as a dedicated project company for the proposed Greenfield Refinery & Petrochemical Complex and Associated Facilities at Ramayapatnam, Andhra Pradesh, subject to requisite Government, statutory and regulatory approvals.

Establishing the subsidiary will provide a dedicated legal and governance structure to carry out project activities with an initial authorised share capital of upto Rs 4900 crore. The incorporation of this entity will support due diligence activities, engagement with lenders and potential partners and development of an optimal financing and partnership structure. The detailed feasibility reports are under finalisation and accordingly the financial investment decision and financial commitments will be considered separately by the competent authorities at the appropriate stage. The Board of Directors of the company, at its meeting held on October 23, 2026, has approved the same. 

Bharat Petroleum Corporation is a leading Oil and Gas company, providing services to both retail and bulk customers. 


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