Bharat Petroleum Corporation Limited (BPCL), a Fortune 500 energy company is headquartered in Mumbai. It is a public sector undertaking and last year, Government of India conferred BPCL with Maharatna status. Company operates through two segments: Downstream petroleum (refining and marketing of petroleum products), and Exploration and Production of Hydrocarbons (E&P). The company’s refineries are located at: Mumbai (Maharashtra), Kochi (Kerala), Numaligarh (Assam), and Bina (Madhya Pradesh). Its marketing infrastructure includes network of installations, depots, retail outlets, aviation service stations, and LPG distributors.
Oil and gas sector faces an increasingly complex environment, companies need to be innovative in adopting new business models and partnerships. Leading players, such as BPCL, need to have a resilient strategy to protect against price dips and adopt digital transformation in an astute manner to improve operational performance. Considering all these factors, BPCL began scouting for a one-stop solution provider that could help drive business sustainability and increase profitability by maximizing asset performance across BPCL Group Refineries.