Indian Petroleum Sector and BPCL
Petroleum Industry
Petroleum industry is very vast industry; there are various other industries that depend upon petroleum
industry. This industry includes products mostly used as fuel, and oil happens to be the product that takes care for the major share of world’s energy consumption. Petroleum products are playing vital role in the economy of many countries.
Over the years petroleum has become the most precious commodity. There are various companies around world working for the refining, exploration and transportation of oil and oil products. It has become the chief cause of the wealth and economic stability of many countries.
Indian Petroleum Industry
Over the years Indian Industry is able to mark its presence in the world market. It is expanding fast and making steady growth. It has also become a major contributor in the economy of India. Indian petroleum industry which had a very modest beginning and was limited to specific regions, now has developed in to growing industry.
The demand for oil in India is ever raising year by year, and Indian petroleum companies trying to rise up to the demand. Over the years refining capacity of India has increased, Indian companies have already made mark in the international market. India is emerging as an oil refining center in international
market as it is having less investment cost in comparison to other countries.
The major Indian petroleum companies are, Bharat Petroleum Limited, Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited, Oil and Natural Gas Corporation and GAIL etc.
BPCL is the petroleum company is having it’s headquarter in Mumbai. The company got its name as Bharat Petroleum Corporation limited in year 1977; prior to that it was known as Burmah Shell which was taken over from Bharat Refineries by government of India in year 1976.
The company has achieved unprecedented growth ever since its nationalization; it is the first company to have refinery at Bombay High. After getting nationalized, the company has expanded its business and area of operations.
Bharat Petroleum Company is one the companies that focuses on the quality of product and technological advances in order to achieve customer satisfaction. The economic liberalization in nineties made the market more competitive, in that competitive market the customer centric approach of the company has helped it to great deal. The company’s research and development centre always gives it an extra edge over the others with innovations.
BPCL deals in variety of products that includes Bharat Gas, Natural Gas, Petroleum Products and various other petrochemicals. The company has also added premium petrol product by the name of speed for increased performance and better mileage.
BPCL has earned itself prestigious awards like ABCI and Green Business leader and it has also ranked
among the top 10 valuable brand amongst Indian companies.
BPCL offers many business opportunities through tender and notification, and BPCL tenders and procurement notice can be accessed for free at Indiamart. Indiamart offers you the latest list of BPCL tenders for absolutely free of cost.
