BPCL disinvestment: Next significant capex after new investor steps in

BPCL is in the process of buying land from Hindustan Organic Chemicals to set up the planned facilities

As the central government looks to exit Bharat Petroleum Corporation (BPCL), a new investor will step in time for the company’s next significant capital expenditure (capex). Executives though add the timing is incidental and not planned. 

For the current financial year, BPCL’s planned capex is expected to cross Rs 7,900 crore. In the next financial year, the oil-marketing company looks to spend another Rs 12,000 crore. A significantly higher expenditure is expected in 2021-22 (FY22), by when BPCL will have a new investor in place. At the core of this FY22 capex plans is BPCL’s planned expenditure at Rasayani in