Bharat Petroleum Corporation Limited (BPCL), a leading Indian oil and gas company, has announced a significant change in its senior management. Shri Dibyendu Dwijesh Sarkar has been appointed as the Chief General Manager (Renewable Energy), effective August 26, 2025. This appointment marks a crucial step in BPCL's commitment to renewable energy initiatives.

New Leadership in Renewable Energy

Sarkar, who previously served as the Project Head of Renewable Energy at BPCL, brings a wealth of experience to his new role. His appointment underscores the company's focus on strengthening its renewable energy sector, a critical area in the evolving energy landscape.

Sarkar's Background and Expertise

Dibyendu Dwijesh Sarkar's educational background includes:

• A Diploma in Management Studies from Ramniranjan Anandilal Podar College of Commerce & Economics, Mumbai
• A B.E. in Electrical Engineering from Visvesvaraya Regional College of Engineering, Nagpur

His diverse experience within BPCL spans various crucial areas:

• Renewable Energy operations
• Mumbai Refinery operations
• Administration
• Project management
• Maintenance

This multifaceted experience positions Sarkar well to lead BPCL's renewable energy initiatives, combining technical knowledge with managerial expertise.

Official Announcement and Compliance

BPCL officially communicated this appointment to the stock exchanges on August 28, 2025, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's disclosure emphasizes transparency and adherence to regulatory requirements.

Implications for BPCL's Renewable Energy Strategy

Sarkar's appointment as Chief General Manager (Renewable Energy) signals BPCL's continued commitment to diversifying its energy portfolio and investing in sustainable energy solutions. As the global energy sector increasingly shifts towards renewables, this strategic move could play a crucial role in shaping BPCL's future direction and competitiveness in the evolving energy market.

The appointment of a dedicated senior executive for renewable energy underscores the growing importance of this sector within BPCL's overall business strategy. It suggests a potential increase in focus, investment, and innovation in renewable energy projects and initiatives under Sarkar's leadership.

As BPCL navigates the challenges and opportunities in the renewable energy landscape, Sarkar's expertise and leadership will be instrumental in driving the company's sustainable energy goals and contributing to India's broader renewable energy objectives.

Bharat Petroleum Corporation Limited (BPCL) and Oil India Limited (OIL) have signed a joint venture agreement to establish city gas distribution infrastructure in Arunachal Pradesh, marking a significant step towards expanding clean energy access in northeastern India.

Joint Venture Details

The joint venture aims to develop compressed natural gas (CNG) stations and piped natural gas (PNG) supply networks for domestic, commercial, and industrial consumers across Arunachal Pradesh. This initiative follows the BPCL-OIL consortium's successful bid in the 12th City Gas Distribution Bid Round conducted by the Petroleum and Natural Gas Regulatory Board.

Strategic Importance

BPCL Chairman Sanjay Khanna emphasized the company's commitment to expanding clean energy access in northeastern India. This aligns with BPCL's broader strategy of strengthening its presence in the gas sector, as evidenced by its recent investments in City Gas Distribution (CGD) infrastructure.

OIL Chairman Ranjit Rath highlighted the company's existing hydrocarbon production legacy in Arunachal Pradesh, suggesting that this joint venture will build upon OIL's established presence in the region.

Alignment with National Goals

The partnership supports the Indian government's vision of developing a gas-based economy. This initiative is in line with the national objective of increasing the share of natural gas in the country's energy mix, promoting cleaner fuels, and reducing carbon emissions.

BPCL's Gas Business Growth

The joint venture in Arunachal Pradesh complements BPCL's ongoing expansion in the gas sector. BPCL supplied 1,829 TMT of gas, achieving a 3% overall growth, with its City Gas Distribution network recording an 80% growth. The company invested ₹2,283.00 crore in CGD infrastructure during this period.

Infrastructure Development

BPCL had mechanically commissioned 840 CNG stations, with 634 already operational. The company plans to construct an additional 100 CNG stations in the current financial year. BPCL has also made significant progress in domestic gas penetration, adding 2.33 lakh new PNG connections, bringing the cumulative total to 5.64 lakh.

To support this expansion, BPCL has laid 23,500 inch-km of steel pipelines, enabling wider and more reliable last-mile connectivity for gas distribution.

Market Impact

Following the announcement, BPCL shares closed at ₹312.90, down 0.92%, while OIL shares ended at ₹397.80, down 2.82% on the stock market.