Bharat Petroleum Corp (BPCL) has announced that it will invest about Rs 1.5 trillion in the next five years towards its transformative initiative, Project Aspire . This investment will focus on growing its oil business, expanding its renewable energy portfolio, and achieving a net-zero goal by 2040. BPCL plans to invest in green hydrogen, carbon capture and storage, energy efficiency improvements, and renewable energy projects.
The company aims to grow its oil business and expand its renewable energy portfolio to achieve a net-zero goal by 2040. BPCL plans to invest ₹1 lakh crore in projects such as green hydrogen, carbon capture, and improving energy efficiency. Additionally, it plans to set up 50 megawatts of captive wind power plants and own 1 gigawatt of renewable energy capacity by 2025.