Bharat Petroleum Corporation Limited
Bharat Petroleum Corporation Limited (BPCL) is one of the most respected oil and gas companies in the country. And rightly so. The state-controlled company does not shy from innovating to stay on top of its game. Their R&D Centre has come up with BPMARRKTM, an intelligent device to obtain accurate data like TBP distillation yields, distillate quality, hydrogen consumption in hydro-processing, residue-potential and accurate crude oil/blends selection for diverse business decision making in less than an hour in comparison to the conventional methods that took several days. Training on the technology and the device has been provided to BPCL Refineries at Mumbai, Kochi, Bina and Numaligarh. The technology has also been shared with the Supply Chain Optimisation and International Trade groups. A license has been provided to generate 50 reports for any unknown crude oil/blends samples. This would support day-to-day checks on crude oils selection/processing/operation. Made entirely in India, BPCL has applied for national and international patents for this innovation. BPCL has also received the ‘Innovator of the year – Team’ special commendation from the Petroleum Federation of India for this innovation.
Led by D Rajkumar, the company is exploring territories outside India, too. In early 2017, BPCL’s indirect wholly-owned subsidiary BISPL (BPRL International Singapore Pte Ltd) launched an issue of $600 million Fixed Rate Senior Unsecured Guaranteed Notes due in 2027 that were priced in the international debt capital markets.
