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Thursday
December 2022
6:17 AM IST
News Headlines
Mumbai City FC win 4-0 as Bengaluru FC’s misery deepens        Australia thrash undermanned England in first ODI        AIBEA decides to go ahead with Nov 19 bank strike, discussions with IBA & Managements fail        Erdogan announces extension of grain deal by 120 days        Musk hints at new chief for Twitter        PM to deliver opening address at 'No Money for Terror' event        Transparency, accountability are essence of governance in parliamentary democracy: Birla        Rajiv Gandhi assassination: Centre moves SC seeking review of its order on per-mature release of six convicts        Modi interacts with Biden, Sunak and Macron on sidelines of G20 summit        Rahul says only Congress can protect Constitution which is under constant attack from BJP        Centre misuses offices of Governors: Sitaram Yechury        Pollard announces IPL retirement, appointed as MI's batting coach        Twitter very slow in India: Elon Musk        Amazon plans to lay off 10,000 people in coming days: NYT        PM Modi arrives in Bali for G20 Summit and bilateral meetings with key world leaders        Kharge accuses BJP of divide and rule        CM Mamata Banerjee apologises for Bengal minister's remarks on President Murmu        Sharath Kamal to receive Khel Ratna on November 30        Top police official held in gang rape case        Biden says US will 'vigorously' compete with China        
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Business News
BPCL targets 10 GW of renewable energy by 2040
 
Mumbai: Bharat Petroleum Corporation Ltd (BPCL) has planned to scale up its renewable energy portfolio from less than 50 MW to 1 GW by 2025 and 10 GW by 2040, chairman Arun Kumar Singh said on Monday.

"BPCL has decided to expand its reach and presence in the non-fuel business to offer consumables, durables business and services by leveraging its pan-India network of over 20,000 fuel stations and more than 6,200 LPG distributors. The business is working towards creating 1500 in and out stores and engaging 15,000 Urja Devis in 2022-23," he said, addressing company's annual shareholders' meeting.

Singh said with electric mobility likely to gain traction, the BPCL has adopted 900 km Chennai Trichy Madurai highway and set up a fast track changing facility at every 100 km distance at its retail outlets on pilot basis.

BPCL plans to extend this facility across 200 highway corridors with around 2,000 retail outlets in 2022-23, he said.

He said to enhance the petrochemicals space, BPCL has planned two new projects, the Ethylene cracker project at Bina refinery and polypropylene project at Kochi refineries.

"Once commissioned these will increase the share of petrochemicals in the company's product portfolio from around 1 percent currently to 8 per cent," he said.

Later, addressing a press conference he said crude price hike is a temporary phenomenon and expressed hope that things will improve in coming months.

"I still believe that crude price hike is a temporary phase. World cannot afford it for long. Problems will get over within 6-8 months," he said.

On losses incurred by the company due no change in petrol and diesel prices of late, he said, "Crude prices have been volatile. Ability to pass it on is not there. It is always our desire to obser volatility ourselves. We are more calibrated than western countries. Earlier too we had losses but we came out and had profits. It's temporary phenomenon."


AIBEA decides to go ahead with Nov 19 bank strike, discussions with IBA & Managements fail
Twitter very slow in India: Elon Musk
Amazon plans to lay off 10,000 people in coming days: NYT
Tripura to get tea auction centre
India indebted to former PM Manmohan Singh for economic reforms: Gadkari
Russia becomes India's top oil supplier in Oct
British PM Rishi Sunak committed to FTA with India, says Downing Street
India to press for collective efforts to deal with spillovers of actions by rich nations at G20: FM
Musk says Twitter verification being 'revamped'
Quality & Export define India and its Economy : Piyush Goyal
India Pak T20 match blockbuster creates new viewership record
Pakistan taken off from FATF's grey list; Myanmar in black list
Internet Freedom in India improves after 4 years of decline: Freedom House
India targeting Rs 35,000-crore exports of defence products by 2025: Rajnath
Rupee ends at 82.35 against USD
Sitharaman meets Japanese counterpart, discusses Indo-Pacific economic cooperation
Dhoni launches Droni, a Made-In-India camera drone
Ecosac launches biodegradable consumer products ‘Ecopath’
India, UK carrying out intensive discussions on FTA: MEA
World Bank slashes India's FY23 GDP growth forecast to 6.5 pc
KERALA NEWS
Top police official held in gang rape case
 Kozhikode: Police on Sunday arrested a Circle Inspector (station house officer) attached in Beypore  
Rain likely to occur many places in Kerala
Two killed as car plunged into well
Kerala CM greet Oommen Chandy on his 79th birthday
INTERNATIONAL NEWS
Erdogan announces extension of grain deal by 120 days
 Ankara: Turkish President Recep Tayyip Erdogan said on Thursday that the grain deal will be extended
Musk hints at new chief for Twitter
Modi interacts with Biden, Sunak and Macron on sidelines of G20 summit
PM Modi arrives in Bali for G20 Summit and bilateral meetings with key world leaders
NATIONAL NEWS
PM to deliver opening address at 'No Money for Terror' event
 New Delhi: Prime Minister Narendra Modi will deliver the inaugural address at the third 'No Money fo
Transparency, accountability are essence of governance in parliamentary democracy: Birla
Rahul says only Congress can protect Constitution which is under constant attack from BJP
Kharge accuses BJP of divide and rule
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