Bharat Petroleum Corporation Limited has informed the Exchange regarding a press release dated May 07, 2025, titled "Fanning theWinds of Change: BPCL Awards Contracts for Setting Up 100 MW Windfarm Projects".
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BPCL has awarded contracts to set up 100 MW wind power capacity, split into two 50 MW projects — one in Madhya Pradesh (given to Suzlon Energy) and one in Maharashtra (given to Integrum Energy Infrastructure). The wind farms will supply captive (in-house) power to BPCL's Mumbai Refinery and Bina Refinery, replacing some fossil-based electricity with clean energy. The projects are expected to be completed and commissioned within two years. This is part of BPCL's larger plan to build a 10 GW renewable energy portfolio by 2040 and become a Net Zero energy company by 2040. BPCL is a Maharatna PSU and India's second-largest oil marketing company, operating three refineries with combined capacity of about 35.3 MMTPA.
The move supports BPCL's long-term energy transition and sustainability goals, and should gradually lower power costs and carbon footprint at its refineries. However, the project is modest in size relative to BPCL's overall operations, so the near-term impact on earnings or stock price is likely limited.