There is a growing debate among the players on fossil fuel demand— while some feel the demand will drop; there are others that are optimistic that demand will continue for the next few decades. Bharat Petroleum Corporation Ltd’s (BPCL), CMD, D Rajkumar strongly believes that demand will rise for next two decades. To reiterate this belief, the company plans an investment of Rs 1.10 lakh crore over the next five years.
Speaking to reporters, Rajkumar said, "In the next five years, we plan to invest around Rs 1.10 lakh crore at the group level. The investment will take place in refining, enhancing the petrochemical capacity, upstream forays, gas profileration, marketing and so on. "For refineries upgrade and expansion, we plan to invest Rs 20,000 crore.
Esta historia es de la edición September 4, 2019 de The Free Press Journal - Mumbai.
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