BPCL to spend Rs 1 lakh crore in next 5 years: S Varadarajan

MOMBAI.  Bharat Petroleum Corporation Limited (BPCL), the country’s third largest oil marketing company is in a comfortable financial position. The company has seen its debt to equity ratio improve to 0.5 in FY15 against 1.4 in FY12. Free cash flow has improved from Rs 17.5 billion in FY12 to Rs 91.2 billion in FY15. BPCL’s chairman and managing director, S Varadarajan talks to Business Standard .

 

We have done pretty well. For the first time in the history of the company, the net profit has exceeded Rs 5,000-crore mark. The profit after tax for the year stood at Rs 5,048.51 crore against Rs 4,060 crore recorded in 2013-14. The gross refining margins generated by both our refineries at Kochi and Mumbai continue to be the highest amongst the public sector refineries.

 

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