Refining profits

Bharat Petroleum has been on a roll, with oil processed at an all-time high

For Bharat Petroleum Corporation Limited (BPCL), the public sector oil refiner and marketer, 2016-17 was a spectacular year, with a record all-time high profit, the highest-ever dividend payout and peak market capitalisation levels, and success in winning Maharatna status in September 2017.
 
With a total refining capacity of 36.5 million tonnes, the company is the second-largest state-owned refiner, operating more than 14 per cent of India’s installed refining capacity. On the retail network side, BPCL operates the third-largest fuel retail network of 14,255 fuel outlets. The oil marketer is of strategic importance to the country since, along with the