Capex of ₹20,000 crore for FY26
Management reiterated the FY26 capex target of ₹20,000 crore, with ₹2,382 crore spent in Q1. Breakdown includes ₹6,500 crore for refinery/petchem, ₹4,000 crore for retail expansion, and ₹2,500 crore for BPRL equity.
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Bharat Petroleum Corporation · forward-looking guidance across the available source record.
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capex
Peak capex of ~₹35,000 crore in FY28-29
Capex is expected to peak at around ₹35,000 crore in FY28 and FY29, driven by approved projects including the Mumbai refinery upgrade and Bina petrochemical expansion.
Retail outlet network target of 25,000 by FY26 end
BPCL aims to expand its retail outlet network to 25,000 by the end of the current financial year, from 23,958 as of Q1.
Russian crude procurement to remain at 30-35%
Management expects Russian crude procurement to stay in the 30-35% range for the remainder of FY26, barring new sanctions.