BPCL Capex

Group cannot take recourse to VRL, Vedanta's books to bid for BPCL

Divestment-bound national oil marketer Bharat Petroleum Corporation has resumed work on as many as 2,118 projects involving a capital expenditure (capex) of around Rs 50,300 crore over three years.

The company plans to spend Rs 8,000-8,500 cr in FY21 compared to Rs 11,000 cr in FY20

Bharat PetroResources Ltd (BPRL), an exploration and production subsidiary of BPCL, had in August 2008 bought a 10 per cent stake in Area-1 Offshore of the Rovuma Block

The public sector oil retailer will spend the money on capacity expansion of refineries as well as marketing and upstream activities