Profile: Bharat Petroleum Corporation Ltd (BPCL.BO)

Bharat Petroleum Corporation Limited (BPCL) is engaged in the petroleum industry in India. During the fiscal year ended March 31, 2009 (fiscal 2009), the aggregate refinery throughput at BPCL’s Refineries at Mumbai and Kochi, along with that of BPCL’s subsidiary company, Numaligarh Refinery Limited (NRL), was 22.20 million metric tons (MMT). The Company is engaged in downstream petroleum sector, which consists of refining and marketing activities. BPCL holds 61.65% interest in NRL as on March 31, 2009. Bharat PetroResources Limited (BPRL), a 100% subsidiary of the Corporation, holds 50% equity in VB (Brazil) Petroleo Private Ltda., a joint venture company. BPRL has participating interests in nine exploration blocks. BPRL also has participating interests in five blocks in the United Kingdom, Australia and Oman. Its subsidiaries include Bharat PetroResources JPDA Limited, BPRL International BV, BPRL Ventures BV and BPRL Ventures Mozambique BV.