Bharat Petroleum board approves ₹5,000 crore NCD issuance
Bharat Petroleum Corporation's board approved the issuance of secured or unsecured redeemable NCDs aggregating up to ₹5,000 crore, to be raised in up to 10 tranches within one year. The decision was taken at a board meeting on August 18, 2026, with specific terms for each tranche to be communicated at the time of issue. The disclosure was made in compliance with SEBI Listing Regulations, following an earlier intimation dated August 13, 2026.

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Bharat Petroleum Corporation Ltd board of directors approved the issuance of secured or unsecured redeemable Non-Convertible Debentures (NCDs) aggregating up to ₹5,000 crore. The company plans to raise these funds in one or more series or tranches, with a maximum of 10 tranches, within a period of one year.
The decision was taken during a board meeting held on August 18, 2026. The meeting commenced at 11:00 am and concluded at 3:45 pm.
Issuance details
The company disclosed that specific details regarding allotment and other terms for each series or tranche will be decided and communicated to the stock exchanges in the required format at the time of each issue.
| Parameter | Detail |
|---|---|
| Instrument | Secured/Unsecured Redeemable NCDs |
| Maximum amount | ₹5,000 crore |
| Tranches | Up to 10 |
| Timeline | Within one year |
Regulatory disclosure
The disclosure was made in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows an earlier intimation dated August 13, 2026.
Historical Stock Returns for Bharat Petroleum
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.01% | -2.57% | -1.66% | -17.24% | -1.18% | +33.46% |
How will the ₹5,000 crore NCD issuance impact Bharat Petroleum's debt-to-equity ratio and overall credit rating?
What specific strategic projects or operational expansions is BPCL prioritizing with these raised funds?
Given the current interest rate environment, what coupon rates are investors likely to expect for these secured versus unsecured tranches?

































