5. BPCL's growth post-nationalisation (in 1976)
has been phenomenal. It is considered a pioneer in
marketing initiatives, and employs “Best in Class”
practices.
BSR was incorporated on 3-11-1952 as a co.
under Indian Companies Act 1913 at Mumbai.
BSM, having business of distributing and
marketing petroleum products established it’s
business in India.
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6. Agreement dated 23.12.1975 between the Government
of India (GOI), the Burmah-Shell Oil Storage and
Distributing Company of India Ltd. (BSM) and the
Burmah Shell Refineries Ltd. (BSR), the GOI acquired
100 per cent equity share holding (paid up value Rs.
1453.83 lakhs) of BSR on 24.01.1976, for a consideration
of Rs. 925 lakh. Simultaneously, through `The Burmah
Shell acquisition of Undertakings in India Act, 1976, the
GOI also acquired the right, title and interest and liabilities
of BSM in relation to its undertakings in India for a
consideration of Rs. 2775 lakhs and by notification dated
24.1.76, vested the same in BSR without any specific
consideration payable by BSR. The name of BSR was
changed to Bharat Refineries Limited (BRL) and
subsequently to Bharat Petroleum Corporation Limited. 6
7. •Intensifying and enlargement of activities in the area of
Refinery processes and residue up gradation.
•Development of catalyst/additive for refining
processes
•Development of new process technologies using additive approach for
improving the product quality.
•Enlargement of crude basket and identification of opportunity crudes
and crude blends.
•Value added Products/Solvents from the refinery streams.
•Bio-technological processes.
•Coal to Residue Technologies.
•Alternate Fuels and Energy Devices.
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9. BPCL’s 4th quarter net profit nearly trebled to
RS.4797.3 crore from RS.1,648 crore in
the preceding quarter in 2013.
BPC’s net profit of RS.3,962.83 crore for 4th quarter
ended march 2012.
The oil major had posted a net profit of RS.935.18
crore in Jan-mar quarter of 2010-11.
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10. BPCL to increase refining
capacity; plans power foray
Bharat Petroleum Corporation is
looking at a refining capacity of 45
million tonnes in 2015-16, as part of its
many goals for 'Project Dream Plan', up
from the present level of 30.5 million
tonnes.
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11. " To develop core competence in
Exploration and Production of oil and
gas with focus on production;To
maximize wealth creation for meeting
expectations of stakeholders; To
create a pool of knowledgeable and
inspired employees and ensure their
professional and personal growth "
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