(Zee News)
Bharat Petroleum, which has just been upgraded to a Maharatna company, today said it has lined up capital expenditure of Rs 1.08 trillion for the next five years. The public sector oil retailer will spend the money on capacity expansion of refineries as well as marketing and upstream activities, its chairman and managing director D Rajkumar told reporters at a post-AGM press meet here late evening.
The chairman said the company will focus primarily on going global to further expand the business, especially in upstream activities. On the performance of the company in the year gone-by, he said both marketing and refinery businesses did well, with the refinery capacity utilisation touching 112 per cent.On the upstream front also it has done relatively well, he added.
