Despite a hard-fought 4-3 win over Air India, Bhawanipur bowed out of the tournament having failed to win their final group league match by a clear margin of two goals.
Indian Navy and ONGC will be pitted against each other in the second semifinal while Kolkata giants Mohammedan Sporting Club will meet Mumbai Tigers in the first semifinal tomorrow.
Indian Navy had played a goalless draw against Bhawanipur 0-0 and beaten Air India 2-0.
A Sudheesh (58th, 59th min) and Jony Chand Singh (48th min) scored for Air India.
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Bhawanipur enjoyed a healthy 2-0 lead till the half time but Chand Singh pulled one back for Air India when his shot from inside the box left the opponent goalie with no chance.
Air India's attacking play in the second half paid rich dividends as Sudheesh drew parity with a powerful shot into the side-netting.
In the very next minute, Sudheesh again found himself in the scoring zone as his shot sailed over the keepers head into the net.
Barreto converted a penalty corner in the 93rd minute after five minutes were added on but his effort wasn't enough to see his side through.