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Nirmal Bang Report
Bharat Petroleum Corporation Ltd.'s management aims to achieve net zero emission, including green hydrogen target of 10 giga watt by CY40. Initial plans include Rs 50 billion investment to set up one giga watt of green hydrogen capacity using electrolysis at its Bina refinery site (erstwhile Bharat Oman Refineries Ltd.).
BPCL is also investing Rs 220 billion in the city gas distribution business across 23 geographical areas – including six new geographical areas won in the 11th round of the Petroleum and Natural Gas Regulatory Board auctions.
BPCL's future plans straddle both green transition and traditional fuels. This envisages investment in electric vehicle charging facilities and conventional fossil fuels, based on the positive growth outlook in India/Asia over the next 10-15 years, even as it pursues green energy projects and its net zero target.
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