We plan to invest ₹1.5 lakh crore in five years to expand operations: G Krishnakumar, BPCL chairman.

BPCL plans to invest ₹1.5 lakh crore in the next five years to diversify operations as it targets net zero carbon dioxide emissions by 2040, BPCL chairman G Krishnakumar told ET's Kalpana Pathak.

The state-run oil marketing company, which reported a consolidated profit of ₹10,644 crore in the first quarter ended June on the back of handsome refining and marketing margins, also plans to raise up to ₹18,000 crore in a rights issue this fiscal year, he said.

ET