Home » BPCL to invest Rs 5k crore on gas transportation infra

BPCL to invest Rs 5k crore on gas transportation infra

BPCL to invest Rs 5k crore on gas transportation infra

Sumantra Das

State run oil marketing firm Bharat Petroleum Corporation (BPCL) is all set to make its footprints in creating gas transportation infrastructure pan India. The company is set aside Rs 4,000-5,000 crore to build the gas pipeline infrastructure over next 4-5 years along with its partners Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and with Gujarat State Petroleum Corporation (GSPC). With this plan the company will cover over 4,000 km of pipeline infrastructure, said a senior company official. The majority of the proposed project will be funded through internal accruals, the official added.

"We have chalks out a detailed plan to set up gas pipeline infrastructure over next 4-5 years across country. The proposed project will cater services to our city gas distribution project and to LNG gas terminal projects," said S Varadarajan, Director (Finance), BPCL.

The wholly owned subsidiary of the company ‘Bharat Petro Resources’ has recently made progress and has consolidated its position in Mozambique and in Brazil which made the company a totally integrated oil company with substantial presence across the petroleum value chain. The proposed pipeline infrastructure in the country will give an extra edge in the country as the time its Mozambique block start producing gas by 2018 (estimated around 6-7 tcf).

The capex for the company for FY 2013-14 stood at Rs 7,000 crore, the company said.

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