Bharat Petroleum Corporation Limited is a Maharatna Public Sector Undertaking under the Ministry of Petroleum & Natural Gas. It is registered with Corporate Identification Number (CIN): L23220MH1952GOI008931.

The Registered Office of the Corporation is at Bharat Bhavan No. 1& 2, 4&6, Currimbhoy Road, Ballard Estate, Mumbai - 400001.

As on 31st March 2022, BPCL’s Total Equity before merger of Bharat Oman Refineries Limited and Bharat Gas Resources Limited stands at Rs. 49,669.78crore, as against the previous year’s figure of Rs. 54,544.55 crore.

BPCL is a Central Public Sector Undertaking with 2,63,50,00,000 authorised equity shares before merger of Bharat Oman Refineries Limited and Bharat Gas Resources Limited with a subscribed capital of Rs. 2,129.45 Crore as on 31.03.2022 as against previous year subscribed capital of Rs. 2,092.91 Crores. The shares are listed on BSE / NSE and are actively traded.

BPCL is one of the largest integrated Public Sector Undertaking, engaged in the business of refining Crude Oil and marketing of various petroleum products like LPG, Petrol, Naphtha, Diesel, Kerosene, ATF (Aviation Turbine Fuel), Petcoke, Furnace Oil, Bitumen, Lube Oils etc. BPCL has its marketing network across India and in select foreign countries.

BPCL has 2 Refineries MR (owned) located at Mumbai, KR (owned) located at Kochi and 1 Refinery BORL (100%) Subsidiary Company) located at Bina. The Corporation’s marketing infrastructure includes vast network of Installations, Depots, Retail Outlets, Aviation Fuelling Stations and LPG distributors.

BPCL is managed by a Board of Directors. The present Board consists of The Chairman & Managing Director (head of the Corporation), Functional Directors – Director (Marketing), Director (Refineries), Director (Human Resources), Director (Finance). (Details of Board of Directors).

In addition, 2 part time Directors representing Government of India, through Ministry of Petroleum & Natural Gas and 4 part time Independent Directors are on the Board. All these Directors are nominated by the Government of India and appointed by the Board of Directors.

The Board of Directors is assisted by Executive Directors, Business Unit Heads, Entity Heads, Chief General Managers, Officers / employees in carrying out the day-to-day functions of the Corporation.

View Organizational Chart.

The powers and duties of the Officers and Workmen of the Corporation are defined in the Decision, Rights and Authorities. They are also governed by the manuals, Standard Operating Procedures and the job profiles and the terms and conditions as per the appointment letter and CDA rules.

While carrying out the responsibilities, the employees are required to adhere to the applicable statutes and rules and regulations in vogue including instructions from time to time.

Decision Making Process:

The Highest level decision making authority is the Board of Directors of BPCL, except for matters which, as per the Companies Act, 2013 are required to be decided by the shareholders in the Annual General Body Meeting. The Board has constituted several sub committees,(Committee Details) such as Standing Committee of the Board for Tenders, Audit Committee, Project Evaluation Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, etc. The meetings of these committees are convened on need and provision basis and the minutes of these meetings are placed for information of the Board. Majority of the members of the Committees except the SCBT are Independent, Non-Executive of Government nominated directors with the whole time directors playing a facilitating role.

The Corporation has constituted Management Council comprising of C&MD, the Functional Directors and the Business Unit Heads. This Council discusses important issues concerning the organization, analyze the same and recommend the ‘way forward’ in respect of matters discussed. The emphasis laid by this council is on team approach, mutual support of functions and joint deliberations on issues which has enhanced further the decision making process. It has thus facilitated an integrated thinking process and an aligned approach across the Corporation for achieving the Corporate Vision.
 

Exercise of Authority:

The Corporation has well defined Limits under Manual of Authorities which have been delegated by Board to various operating committees also have Purchase Manual, Operations manuals etc, facilitating the decision making process smoothly and transparently at various levels within the organization. Further we have well defined chart of Accounts for proper accounting of transactions by respective role holders in SAP as per the roles assigned to them.
 

Limits of Authority Manual/Delegation of Authorities:

LAM or DOA, as it is called, lays down the authorities that can be exercised at various levels, i.e. the Board, Committee of Functional Directors, the Executive Directors Committee, tender evaluation Committees for different activities of the Corporation. The manual is divided into segments representing different functions like Sales, Crude & Shipping, Capital Projects, Operations & Distribution, Finance, HR, procurement etc., and provides guidance for decision making process through various committees as above. The committees are generally represented by inter-functional groups including Finance role holders wherever financial implications are there. This ensures a transparent and streamlined decision making process adhering to the laid down systems and procedures and thereby leaving no room for arbitrariness.

The Committee of Functional Directors has delegated further authorities to various sub-committees within the organization, viz., Contracts Committee/ tender evaluation committees for procurements, Credit evaluation Committee, Business Level Committees for commercial decisions in respect of sale of products etc.

The Company functions on the basis of delegation of authority at appropriate levels to the individual Business Units, Entities and Departments. Decision, Rights and Authorities duly approved by the Management are followed for the discharge of functions by the officers of Business Units, Entities and departments of the Organization.

The applicable guidelines issued by the departments of the Government of India, Central Vigilance Commission and Central Information Commission from time to time are followed.

The norms of SEBI for the listed companies are also followed by our Organization.

All manuals, records which are required for statutory compliance under the various laws, Acts governing the functioning of BPCL

• Annual Reports
• Citizen Charter
• Marketing Discipline Guidelines (MDG) – LPG
• Marketing Discipline Guidelines (MDG) – Retail

The Company maintains following statutory documents, registers, books, licenses:

Accounting Manual,

Corporate IT Policy,

Material Management Manual, SAP Manual,

Engineering Manual,

Safety Manual,

Vigilance Manual,

Dealership/Distributorship agreements

Decision, Rights and Authorities

Standard Operating Procedure for Operations

And other documents as required under various statutes, rules and regulation for the proper functioning of the Company.

BPCL being a commercial organisation for refining and marketing petroleum products, there is no formal committee or forum where representatives of the public can attend to formulate policies for refining and marketing petroleum products and/or implement such policies.

BPCL, however, collects customer’s feedback by various modes of communication and carries on its business by satisfying various customers’ needs in the business interest of BPCL.
 

Board of Directors is constituted following the provisions of the Companies Act, 1956 consisting of Government of India nominees and independent directors.

While decision taken or minutes of the of the Board of Directors are not accessible by the public, important decisions regarding the company and/or its management are being communicated to the statutory authorities as also to the public as required under the law from time to time.
 

SCALES OF PAY FOR MANAGEMENT STAFF:
 

SCALES OF PAY FOR NON MANAGEMENT STAFF:
 

Marketing :
 

Mumbai Refinery :
 

Kochi Refinery :
 

Following details with respect to budget and revised capex budget of BPCL are on overall basis.

(Rs. In crore)

Updated on 6th September 2022