BPCL Signs MOU with SCI for Maritime Energy Collaboration

Bharat Petroleum Corporation Limited (BPCL) is a premier public sector enterprise in India’s oil and gas sector. Owned by the Government of India, it operates under the aegis of the Ministry of Petroleum and Natural Gas. As one of the nation’s foremost oil refining and marketing entities, BPCL plays a pivotal role in fortifying India’s energy landscape.

BPCL Signed MoU

On February 13, BPCL inked a Memorandum of Understanding (MoU) with the Shipping Corporation of India (SCI), marking a strategic collaboration aimed at developing a dedicated, highly efficient, and future-ready maritime infrastructure.

“This partnership resonates with the Government of India’s vision for self-reliance and energy security,” BPCL stated in an official release. The alliance is poised to enhance operational efficiency, expand competencies, and foster innovation within the maritime sector. It seeks to fortify a robust and resilient energy supply chain, catering to India’s burgeoning energy demands.

Under the ambit of this MoU, BPCL and SCI have pledged long-term commitment towards exploring avenues that bolster India’s maritime prowess while ensuring a seamless and secure energy transportation network.

Statement From the Company

Reflecting on the significance of this collaboration, G. Krishnakumar, Chairman & Managing Director, of BPCL, remarked, “Our partnership with SCI is a decisive stride towards establishing a world-class shipping ecosystem that underpins India’s growing energy imperatives. 

By synergising our expertise, we aspire to construct a dedicated, highly efficient, and forward-thinking maritime infrastructure that will not only reinforce our supply chain but also elevate India’s stature as a global maritime powerhouse. This initiative is intrinsically aligned with the Government of India’s vision for self-reliance and energy security.”

Share Price Performance 

At market close on February 14, 2025, Bharat Petroleum Corporation Ltd shares settled at ₹250.50 per share on the NSE.

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