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m-« !" Q Gll-1 q5'fql Ta rf"Mf?lzsmTc'f PT BHARAT PETROLEUM CORPORATION LTD.A Govt. of India Enterprise2nd August 2022Sec.3.4 BPCLThe Secretary,BSE Ltd.,Phiroze Jeejeebhoy Towers,Dalal Street,Mumbai 400 001BSE Scrip Code: 500547The Secretary,National Stock Exchange of India Ltd.,Exchange Plaza, Plot No C/1,G Block, Bandra-Kurla Complex,Mumbai 400051NSE Symbol : BPCLDear Sir/Madam,Subject: Annual Report of BPCL for the financial year 2021-22The Annual Report of the Company for the year 2021-22 including the Notice of Annual GeneralMeeting(AGM) is enclosed. The Annual Report including Notice of AGM has also been uploadedon the website of the Company at www.bharatpetroleum.in.This is for your information and record.Thanking You,Y9urs faith fully,F · harat Petroleum Corporation Limited('llRif - 4 Fci 6, -m-. . w. 688, 1 -400 001. m: 2211 300014000, m: 2211 3874Bharat Bhavan, 4 & 6, Currimbhoy Road, Ballard Estate, P. B. No. 688, Mumbai - 400 001. Phone: 2217 3000/4000, Fax: 2271 3874E-mail: info@bharatpetroleum.in Website: www.bharatpetroleum.com CIN: L23220MH1952GOI008931
UNLOCKING POSSIBILITIESEMPOWERING LIVESANNUAL REPORT2021-22
UNLOCKING POSSIBILITIESEMPOWERING LIVESRecent times remind us of how incredibly the modern world has shrunk andhow closely we are intertwined with the rest of the globe. Just as the worldwas nudging out of the grips of the viral pandemic, it has been rocked by therecent geopolitical tremors that have rippled through the global economy.Unperturbed by these mega-scale upheavals, we are navigating throughthe prevailing testing times deftly, charting our journey with extraordinaryresilience, financial prudence, and robust performance.Steadfastly anchored to the energy needs of the nation and alignedwith global climate action, we have embarked upon an ambitious voyage ofenergy transition towards a cleaner and sustainable future.Stepping into the realm of green energy, we are changingintrinsically and proactively, summoning our synergies and the ingenuityof our human talent pool.Bharat Petroleum has been among the first corporates inIndia that have announced their 'Net Zero' plans. Our ambition is toachieve 'Net Zero' in Scope 1 and Scope 2 emissions by theyear 2040 to curb the carbon footprint of our operations.We are at the cusp of a transformation that defines our futureas we metamorphose from a predominantly oil & gas company intoan 'energy' company. Unfolding our strategic vision for the future,we are evolving new-age energy solutions.With customer-centricity at the fulcrum, our teams are creatingnew services and delightful experiences for customers and ourrural push is creating inclusive growth and new economic opportunitiesin the hinterland of the nation.Inspired by a pragmatic vision, our alacrity to excel and tenacity to riseamidst challenges creates bountiful value for our stakeholders and enablesus to unlock newer possibilities for empowering lives.
CONTENTSChairman's Letter2Board of Directors5Bankers, Auditors, Share Transfer Agent and Registered Office6Management Team7Vision, Values, Culture and Mission8Performance Highlights9Our Journey of Growth13Notice to Members14Directors' Report27Management Discussion & Analysis Report55Report on CSR95Report on Corporate Governance107Business Responsibility Report142Comments of C & AG170Performance Profile180Standalone Financial Statements186Auditors' Report187Balance Sheet and Statement of Profit & Loss206Cash Flow Statement208Consolidated Financial Statements302
CHAIRMAN’S LETTERDear Shareowners,Greetings for the day!It is my pleasure and privilege to present to you the AnnualReport for 2021-22 and share the highlights for the year.On the physical front, your Company performed better thanlast year. BPCL, on a standalone basis, registered salesof 42.51 MMT and crude throughput of 30.07 MMT inthe year 2021-22, as against 38.74 MMT and 26.40 MMT,respectively, in the previous year. On the financial front, yourCompany recorded a Profit After Tax (PAT) of 8,789 croreon a standalone basis, as against PAT of 19,042 crore inthe previous year. The higher PAT last year was essentiallydue to the one-time gain on the sale of stake in NumaligarhRefinery Limited. Besides, this year, the gains due to higherrefining margins were more than offset by the lowermarketing margins and lower inventory gains, resulting in adampening effect on our profit. The Board of Directorsdeclared a total dividend of 16 per share on earnings of 41.31 per share for the year.Recent times have brought tumult and uncertainty on aglobal scale. Having undergone the harrowing churnings ofthe viral onslaught, the world felt less gloomy when thepandemic began to taper off gradually, rekindling a newenthusiasm in hope of better times ahead. Now, as we moveforward, the world faces a fresh set of challenges posed byspiraling global inflation and unsettling geopolitical tensionsmarring the socio-economic prospects that were rising onthe horizon as the impact of pandemic was abating.Certainly, these are trying times, testing one’s strength,patience, and resilience. But challenges are not new forBPCL, and our unyielding can-do spirit and never-give-updetermination are the underpinnings of our inherent strengthto take challenges head-on.The international oil and gas market continues to be volatile,with supply-side constraints leading to abnormally highprices. In such a scenario, even with robust refining margins,the profitability of domestic Oil Marketing Companies (OMCs)has taken a severe hit on the marketing side. Needless to say,your Company is taking all necessary actions to minimize theadverse impact on its financial position as it continues toserve the growing fuelling needs of the nation.02Bharat Petroleum Corporation LimitedA major highlight for us is the merger of Bharat OmanRefineries Limited (BORL), our wholly owned subsidiary.I am extremely happy to announce that BORL has beenmerged with BPCL with effect from July 1, 2022. This willresult in substantial logistics, operational and talent-poolsynergies for the Company, while also facilitating fasterexecution of the proposed Petrochemical project at Bina.The merger of Bharat Gas Resources Limited, the whollyowned gas subsidiary, with BPCL is in its last leg and isexpected to be completed soon.The era-defining trend of today for our industry is EnergyTransition. As the energy landscape changes globally, yourCompany has been recalibrating its strategies to leverageemerging opportunities while mitigating risks. The Companyhas firmed up plans to diversify and expand in adjacent andalternative businesses to create additional revenue streams
and provide a hedge against any possible future decline inliquid fossil-fuel business. In this direction, six strategicareas have been identified as pillars of future growth andsustainability, viz., Petrochemicals, Gas, Renewables, NewBusinesses (Consumer Retailing), E-mobility and Upstream,while the core businesses of refining and marketing ofpetroleum products continue to serve as a solid foundation,providing stability and consistent cash flows. The Companyhas laid out a detailed roadmap under each of thesestrategic areas, and has planned a capex outlay of around 1.4 lakh crore in the next five years.I will now elaborate Company’s plans in each of these sixstrategic areas.BPCL has placed topmost priority on the expansion of itspetrochemicals product portfolio and taken definitive stepsin this direction. The Company has identified two newrefinery-integrated petrochemical projects–the 1.2 MMTPAEthylene Cracker unit at Bina Refinery and the 0.4 MMTPAPolypropylene unit at Kochi Refinery. Action has beeninitiated for these projects.Another key area of focus for BPCL is natural gas.Expanding its natural gas footprints, your Company hassecured licenses for 8 new Geographical Areas (GAs) underthe recently concluded 11th and 11A City Gas Distribution(CGD) bid rounds. With this, BPCL has licenses fordeveloping CGD networks in 25 GAs covering 62 districtsand a total of 50 GAs covering 105 districts, inclusive of JVs.The success in the past few CGD rounds has placed BPCLamong the top 3 CGD players in the country. Further, 8 newGAs were commissioned during the year, while work in otherGAs is fast progressing towards completion. Capitalising onits extensive experience and wide presence, the Companyis well poised to become a significant player in the growingnatural gas market in the country.Aligned with national priorities and committed to thecommon global cause of climate stabilisation, yourCompany has pledged to achieve "Net Zero" in Scope 1 andScope 2 emissions by 2040. To realise this aspiration,diversification into Renewal Energy (RE) business will play amajor role, and to this end, the Company established a newbusiness unit "Renewable Energy" to take forward thisinitiative. Also, the Company has clearly articulated itsRE targets to reach 1 GW by 2025 and 10 GW by 2040.Further, pursuing the nation’s objectives of ensuring energysecurity and a cleaner environment through usage ofbiofuels, your Company has recently achieved blending ofmore than 10% ethanol in petrol and is committed toenhancing the blending in line with the roadmap laid out bythe government.Non-fuel offerings have been an important constituentof BPCL’s retailing portfolio and one of the major driversof growth in fuel business through the rub-off effect. TheCompany has formed a business unit called "NewBusinesses" for expanding the consumer retailing businessmore vigorously and in newer ways, with initial focus onsmall towns and rural areas. Deploying a unique digitallyenabled business model, the Company has dovetailed fuelwith non-fuel offerings and enrolled rural womenfolkentrepreneurs called "Urja Devis" to reach out to the lowestdenominator in the Indian market. I am extremely happy toinform you that in just nine months since the creation of thisbusiness unit, we have already opened 30 "In & Out stores"in Tehsils and partnered with 300 Urja Devis in rural areas.Our endeavour is to create 1,500 "In & Out stores" andengage 15,000 Urja Devis in the coming year.In the Electric Mobility space, to address range anxietypertaining to electric 4-wheelers, the Company came upwith a novel concept of creating Highway Fast ChargingCorridors, and on a pilot basis, adopted the 900-kmChennai-Trichy-Madurai-Chennai highway (NH-45) todevelop it as a Highway Fast Charging Corridor. Goingforward, BPCL plans to grow in this space in tandem withmarket expansion.On the upstream front, Bharat PetroResources Limited(BPRL), our wholly owned upstream subsidiary achieved amajor milestone with the consortium submitting theDeclaration of Commerciality for the oil and gas discovery inBM Seal 11 Concession in Brazil during the year. The FieldDevelopment Plan is expected to be submitted shortly,which will be followed by Final Investment Decision formonetization of the discoveries. Also, in Mozambique,where world-class offshore gas discoveries are beingdeveloped for monetization through the LNG route by theconsortium, the project execution activities are expected tore-commence soon with the improving security situation.With most of its assets now either in development orproduction phase, BPRL is well on its path to take itsrevenue generation to the next level.Over the years, BPCL has been focusing on creatingadditional capacities and augmenting its infrastructureto reduce dependence on other oil companies to serveits markets. I am proud to share with you that todayyour Company is self-sufficient in product availability anddistribution across the country. It was a great honour thatAnnual Report 2021-2203
during the year, our 355-km Bina-Kanpur multi-productpipeline was dedicated to the nation by Hon‘ble PrimeMinister. Our strategically located refineries and well laid outnetwork of depots, installation, plants, and pipelines give usthe confidence to ensure seamless supply of products andpursue growth in the near future without any constraints.Adding another feather to the cap, your Companyachieved a major milestone by expanding its fuel-retailingnetwork, crossing the 20,000 mark for the number of FuelStations, in March 2022. The growth leadership positionthat the Company registered amongst PSU OMCs in salesof petrol and diesel during the year bears testimony to thefaith that customers have reposed in BPCL. Mindful of theneed to reinvent ourselves with the changing times, we arecommitted to and progressing towards transforming ourFuel Stations into Energy Stations, where all forms ofenergy solutions for mobility, like petrol, diesel, natural gas,EV solutions, flexi fuels and, eventually, hydrogen, wouldbe available.During the year, BPCL has taken further measures to optimizemanpower and enhance efficiencies by restructuring variousroles and centralising various functions, thus making theorganisation leaner and more agile. This will go a long waytowards enhancing competitiveness of the Company, whilealso providing better exposure and opportunities toemployees.Further, as a binding enabler for all our strategic initiatives,we have embraced the best of technologies to optimallyharness their potential. It is with immense satisfaction that Ishare that the digitalisation journey we embarked uponabout two years back with “Project Anubhav” has startedbearing fruits. In a short span of time, BPCL has createdpowerful brands like HelloBPCL, IRIS, Urja, UFill andSalesBuddy. “Project Anubhav” has catalysed the creationof a multiplier effect to reinforce our commitment of Trust,Convenience and Personalisation to our customers andoffer them a bouquet of new digital experiences, while alsoimproving our operational efficiencies.Also, the year 2021-22 saw a paradigm shift in how the publicperceived the BPCL Brand. Leveraging various social mediaplatforms, we reimagined and repositioned our presence inthe public domain, setting the stage for highly positive brandperceptions. BPCL, today, has the largest follower base onsocial media among oil & gas companies in India and hasbeen able to garner a viewership of 10 crore for our socialmedia content during the year.04Bharat Petroleum Corporation LimitedBPCL’s image in the society is that of a sterling corporatecitizen, born out its unflinching belief in what Philip Kotlerhas said: “A company’s civic character is its most potentcustomer preference builder”. Your company has alwaysbeen at the forefront of service to the society and thenation and has been contributing whole-heartedly to thecause of societal ascent and wellbeing, including duringthe pandemic.Fully seized of the growing need to re-invent ourselves andalign with the tide of change ushered in by the global energytransition, your Company has been moving steadily towardscreating a distinct identity on a larger canvass andeventually becoming an Energy Company in the broadestsense of the term. You would be aware that the governmenthas recently put on hold its plans to disinvest its stake in theCompany. Notwithstanding any such decision, theCompany has been and will continue with its expansionplans consistent with its long-term business strategy, in itspursuit of creating value for all stakeholders.Before I conclude, I would like to place on record my sincerethanks to all our leaders, employees, business partners,customers, vendors, bankers and other stakeholders,for their continued support, unmatched dedication andunwavering loyalty, which has always served as a beacon ofinspiration in all our endeavours. I would also like to place onrecord my heartfelt gratitude to the Ministry of Petroleum &Natural Gas for their invaluable guidance and constantsupport. I am humbled by the immense confidence reposedby the investors in the BPCL management, which has givenus the courage to spread our wings even wider.As I prepare to embark upon the next phase of my life aftermy retirement later this year, I envision BPCL conqueringnewer peaks as it marches forward on the path of growthand sustainability. I assure all of you that the leadershippipeline of the company is vibrant and robust, with intelligentand young leaders set to take this great organization to evengreater heights.I conclude with a quote by Winston Churchill, which, I hope,will help sum up my journey in this wonderful organization:“Success is not final; failure is not fatal: it is the courage tocontinue that counts.”Arun Kumar SinghChairman & Managing Director
BOARD OF DIRECTORSARUN KUMAR SINGHK. PADMAKARVETSA RAMAKRISHNA GUPTAN. VIJAYAGOPALChairman & Managing Director(w.e.f. 07.09.2021)with additional charge of Director (Marketing)(w.e.f. 14.09.2021)Director (Human Resources)(up to 31.12.2021)with additional charge of Chairman & ManagingDirector (up to 06.09.2021)Director (Finance)(w.e.f. 07.09.2021)with additional charge of Director (Human Resources)(w.e.f. 01.01.2022)Director (Finance)(up to 31.07.2021)SANJAY KHANNAGUDEY SRINIVASDirector (Refineries)(w.e.f. 22.02.2022)AS&FA, Ministry of Consumer Affairs, Food &Public Distribution, Financial Adviser, MoP&NG(w.e.f. 13.10.2021)RAJESH AGGARWALDR. K. ELLANGOVANHARSHADKUMAR P. SHAHPrincipal Secretary (Industries & NORKA)Govt. of Kerala(up to 31.01.2022)Independent Director(up to 15.07.2022)DR. (SMT.) AISWARYA BISWALIndependent Director(w.e.f. 12.11.2021)SUMAN BILLAAdditional Secretary & FinancialAdvisor, MoP&NG(up to 22.09.2021)Principal Secretary (Industries & NORKA)Govt. of Kerala(w.e.f. 16.03.2022)PRADEEPVISHAMBHAR AGRAWALGHANSHYAM SHERIndependent Director(w.e.f. 12.11.2021)PROF. (DR.) BHAGWATIPRASAD SARASWATIndependent Director(w.e.f. 12.11.2021)Independent Director(w.e.f. 12.11.2021)GOPAL KRISHAN AGARWALIndependent Director(w.e.f. 12.11.2021)Annual Report 2021-2205
(L to R) : Mr. Sanjay Khanna, Director (Refineries)Mr. Arun Kumar Singh, Chairman & Managing Director with additional charge of Director (Marketing)Mr. Vetsa Ramakrishna Gupta, Director (Finance) with additional charge of Director (Human Resources)BANKERSAUDITORS State Bank of India Standard Chartered Bank BNP Paribas Union Bank of India Bank of India Deutsche Bank ICICI Bank HDFC Bank IDBI BankKalyaniwalla and Mistry LLPChartered Accountants2nd Floor, Esplanade House,29, Hazarimal Somani Marg,Fort, Mumbai – 400 001K.S. Aiyar & CoChartered AccountantsF-7, Laxmi Mills CompoundShakti Mills Lane,Off Dr. E.Moses Road,Mahalaxmi, Mumbai – 400 011SHARE TRANSFER AGENTData Software,Research Co. Pvt. Ltd.19 Pycrofts Garden Road,Nungambakkam,Chennai 600 006.REGISTERED OFFICEBHARAT PETROLEUM CORPORATION LTD.CIN: L23220MH1952GOI008931Bharat Bhavan, P. B. No. 688, 4 & 6 Currimbhoy Road,Ballard Estate, Mumbai 400 001Phone: 2271 3000 / 4000 Fax: 2271 3874Email: info@bharatpetroleum.in Website: www.bharatpetroleum.in06Bharat Petroleum Corporation Limited
MANAGEMENT TEAMMeenaxi RawatChief Vigilance OfficerPankaj KumarChief General Manager (Corporate Treasury)Sukhmal K. JainExecutive Director I/C (Marketing Corporate)Pardeep GoyalHead CGD Projects (Gas BU)Amit GargExecutive Director (Aviation)Pushp Kumar NayarHead (Retail), SouthD. V. MamadapurExecutive Director (International Trade)R. SundaravadhananHead Business Process Excellence Centre (BPEC)G. KrishnakumarExecutive Director (Lubes)Radhakrishnan SCFO, BORLK. Ajith KumarExecutive Director (Kochi Refinery)Rahul TandonHead CGD Marketing (Gas)Kurian ParambiExecutive Director (HR)Rajashekar K.Chief General Manager (Inspection), Kochi RefineryL. R. JainExecutive Director I/C (E&P)Rajeev CChief General Manager Technical, BRM. A. KhanExecutive Director (Corporate Coordination & Development)Rajeev JaiswalChief General Manager Sales Strategy (Retail), HQM. R. Subramoni IyerExecutive Director (Mumbai Refinery)Rajiv DuttaHead (Retail), NorthManoj HedaExecutive Director (Corporate Finance)Ramakrishnan N.Chief General Manager (Finance), Mumbai RefineryN. ShuklaExecutive Director (Planning)Ramakrishnan T. N.Chief General Manager Rural Initiatives (Retail)P. AnilkumarExecutive Director (Gas Business Unit)Ranjan NairRegional LPG Manager, NorthP. K. RamanathanExecutive Director Logistics & Ops. (LPG), HQRavi LOn Deputation To BORL BINAP. S. RaviExecutive Director I/C (Retail)Ravi R. SahayRegional LPG Manager, SouthP. SudhaharExecutive Director (Marketing Corporate)Ravikumar V.Chief General Manager I/C (R&D)P. V. RavitejExecutive Director I/C (Refineries Projects)Ravindra V. DeshmukhChief General Manager (QCC), HQPriyotosh SharmaChief Procurement Officer (CPO Marketing)S. B. NivendkarState Level Co-ordinator (Oil Industry), MaharashtraR. P. NatekarExecutive Director I/C (Planning & Corporate Affairs)S. DhanapalChief General Manager Ops. & Logistics (LPG), HQR. R. GhalsasiExecutive Director (Refineries Projects Org.)S. KannanRegional Manager (Lubes), SouthS. SrinivasanExecutive Director Sales (I&C), HQS. MehrishiChief General Manager (IS), Kochi RefinerySanjeeb K. PaulExecutive Director Biofuels & Major Projects (E&P), HQS. S. SontakkeHead LNG Marketing (Gas)Sanjeev AgrawalExecutive Director (Engg. & Automation Retail), HQSaibal H. MukherjiState Head (Retail), Uttar PradeshSantosh KumarExecutive Director I/C (LPG)Sanjeev KumarState Head (Retail), KarnatakaSubikash JenaExecutive Director I/C (I&C)Sanjeev RainaChief General Manager (Corporate HSSE)T. PeethambaranExecutive Director (IS & Digital Business)Sarah ThomasChief General Manager (HR), Kochi RefineryTeresa NaiduExecutive Director (Internal Audit)Senthilkumar G.R.Chief General Manager Technology, Kochi RefineryAbhay ShahChief General Manager Marketing I/C (Lubes), HQShankar N. KarajagiHead Channel Partner Management (New Business)Akash TiwariState Head (I&C), Maharashtra - 1Shelly AbrahamHead (Renewable Energy)Akshay WadhwaHead (Retail), WestSreekumar R.Chief General Manager I/C (SCO)Anil AhirChief General Manager (HRS), COSreeram A.N.Chief Procurement Officer (Refineries)Anurag SaraogiChief General Manager Biofuels (Retail), HQSrikanth S.Chief General Manager (SCO)Arul Muthunathan V.Regional Manager (Gas), WestSriram S.Chief General Manager (Engg. & Advisory Services), Kochi RefineryB. L. NewalkarChief General Manager (R&D)Subhankar SenChief General Manager (Retail Initiatives & Brand), Retail HQBiju GopinathHead, New BusinessesSubhasis MukherjeeChief General Manager (Internal Audit)Chacko M. JoseChief General Manager (Operations), Kochi RefinerySuresh JohnChief General Manager (Refineries Projects Org.), Kochi RefineryChandrasekhar N.Chief General Manager (Operations), Mumbai RefinerySyed Abbas AkhtarChief General Manager (PR & Brand)D. ParthasarthyChief General Manager (HRD)T. V. PandiyanRegional LPG Manager, WestDebashis GanguliChief General Manager (P&AD), LubesT. V. Rama RaoChief General Manager IS & Digital Strategy I/C (MR & KR), Mumbai RefineryDebashis NaikHead (Retail), EastV. R. RajanChief General Manager Manufacturing, Mumbai RefineryDinabandhu MandalChief General Manager Logistics I/C (Retail), HQV. SrividyaChief General Manager (Retail), HQGeeta V. IyerChief General Manager (Finance), Kochi RefineryVijay N. TilakChief General Manager PlanningInderjit SinghHead Supply Chain Management (Lubes)Aidaphi Giri SaxenaGeneral Manager I/C (ESE)K. RaviChief General Manager Rural Initiatives (Retail), HQAnu MohlaGeneral Manager I/C (Legal), HQKani Amudhan N.Chief General Manager Pipelines (Ops. & Projects)Kala V.Company SecretaryM. SankarChief General Manager Manufacturing, Kochi RefineryR. C. AgarwalGeneral Manager I/C (CMR0)Mahadevan Easwaran S.Chief General Manager (IS)R. D. S. DhillonHead (Project Anubhav)Mathews M. JohnChief General Manager Technology, Mumbai RefineryRajiva R. MandalGeneral Manager I/C VigilanceNikhil K. SinghChief General Manager Sales & LPG Marketing Strategy, HQSameet PaiGeneral Manager (Corporate Strategy)P. K. BhowmickChief General Manager (E&AS, Projects & Proj. Procurement), Mumbai RefineryAnnual Report 2021-2207
VISION We are the most admired global energy company leveraging talent and technology W W We are the role model for Health, Safety, Security & Environment We are a great organisation to work for We are a learning organisation We are a model corporate entity with social responsibilityVALUES Trust is the bedrock of our existence Customer Centricity is intrinsic to our achievements Development of People is the only way to success Ethics govern all our actions Innovation is our daily inspiration Collaboration is the essence of individual action Involvement is the way we pursue our organisation goalsCULTURE We remain result focused with accountability for governance We collaborate to achieve organisational goals We enroll people through open conversations Our every action delivers value to the customer We proactively embrace change We care for peopleMISSION Participate prominently in nation-building by meeting its growing energy needs, and to support this endeavour, pursue the oying all available resources and aiming towards global competitiveness in theenergy sector Strengthen and expand areas of core competencies throughout the country, total quality management in all spheres of businessand maintain the status of a leading national company resources, by disseminating information through appropriate media a global presenceBharat Petroleum Corporation Limited Promote ecology, environmental upgradation and national heritage08
PERFORMANCEHIGHLIGHTSGross Revenue from Operations is Refinery throughput is Market sales including exports is Net profit is Market share is Annual Report 2021-2209
Crores)6,00,00025,00019,042 39312,5003,00,8303,00,0002,76,401Profit after 7,4496,0003,00002021-22(-3,000)Sales Internal 021-222020-21Profit after taxInternal Generation (After adjusting final dividend of previous year)Standalone Capital Expenditure (Includes investment in Subsidiaries,JVC's and Associates)! " #" % % % & 019-202020-212021-22Light DistillatesImportedMiddle DistillatesHeavy Ends*Excludes production of petrochemicalsMarke Sales Volu e M ll on Me r c Tonnes) Crores)94,6031.057.641.026.00 0.4226.3842.512021-2289,01090,0007,95380,0000.80 7.300.935.15 .870.786.17 491.295.76 0.2427.3043.072018-191.79 5.991.315.20 ,00015LPGBharat Petroleum Corporation -19Total EquityDeferred Tax Liability2019-202020-212021-22Borrowings excluding Lease LiabilityOther Non-Current LiabilitiesStandalone Capital Expenditure15,0005,00,000Gross Sales Turnover
% # " & ( " ( & , . " )300120260.6296.44100233.25250Basic EPS & 02018-192021-222020-21EPS, DPS and Book Value per share have been adjusted for bonus issue during 2017 - 18Basic EPSDPS (Including proposed dividend)Book Value per ShareF nanc al Year 2020-21F nanc al Year 2021-22( * %"! 13.577.291.782.1816.6522.3261.9374.28*Others includeEmployees' remuneration: 1.72%Finance cost: 0.42%Depreciation & Amortisation : 1.26%Raw Materials, Purchase of*Others includeProducts for resale and PackagesEmployees' remuneration: 0.78%Finance cost: 0.43%Duties, Taxes etc.TransportationOthers *Depreciation & Amortisation : 1.09%Income Tax: 0.72%Income Tax: 1.13%Other Operating Expenses: 3.01%Other Operating Expenses: 2.26%Dividend: 1.34%Dividend: 3.32%Retained Earnings: 4.69%Retained Earnings: -1.31%Annual Report 2021-2211
% * / 3 3 * ! 5 / 3 3 * ! 20201001001890168080All Units are (mg/ltr. except pH)80All Units are .587.576528.525.434202.2211.3321000.35 0.200.5 0.19PhenolsSulphides0SOxNOxSTANDARDpHPM 10PM 2.5Oil & GreaseTSSBODSTANDARDACTUAL % * / 3 3 4 %" ! ACTUAL 5 / 3 3 4 %" ! 70256060202049.13504040All Units are (mg/ltr. except pH)All Units are 1.878.57.50553.3310NOxSOxSTANDARD120.35 0.1600Bharat Petroleum Corporation LimitedPM 2.5ACTUALPM 10pHBODTSSSTANDARDOil & GreaseACTUALPhenols0.50.40Sulphides
OUR JOURNEY OF GROWTH75 YEARS AND MOREAviation Fueling in Early Days - 1928India’s First Drive-in Fuel Station in Mumbai - 1932Mumbai Refinery Inauguration - 1955LPG Introduced in India - 1955India's First Lube Blending Plant commissioned inWadilube Mumbai - 1956Pure for Sure Initiative Launched - 2001Annual Report 2021-2213
NOTICE TO THE MEMBERSNotice is hereby given that the 69th Annual General
Development Plan is expected to be submitted shortly, which will be followed by Final Investment Decision for monetization of the discoveries. Also, in Mozambique, where world-class offshore gas discoveries are being developed for monetization through the LNG route by the consortium, the project execution activities are expected to
