Bharat Petroleum Corporation Limited (BPCL) Recognized as Top Revenue Contributor in CGST and Central Excise, Mumbai Zone

In a momentous ceremony held in Mumbai to celebrate GST Day, Bharat Petroleum Corporation Limited (BPCL), a leading 'Maharatna' and Fortune Global 500 Company, received a prestigious honour for its exceptional contribution as one of the top revenue contributors in CGST (Central Goods and Services Tax) and Central Excise, Mumbai Zone.

The recognition was bestowed upon BPCL in acknowledgement of its unwavering commitment and significant role in driving the growth of India's economy. Shri G. Krishnakumar, Chairman & Managing Director of BPCL, and Shri VRK Gupta, Director of Finance, were presented with the citation and appreciation plaque by the Honorable Governor of Maharashtra, Shri Ramesh Bais.

Upon receiving the award, Shri G. Krishnakumar expressed his gratitude and stated that this recognition reflects BPCL's dedication to fulfilling its tax obligations and contributing substantially to the government's revenue. He emphasised the company's strong corporate citizenship and unwavering dedication to national progress.

GST Day, observed annually on July 1st, marks the commemoration of the implementation of the Goods and Services Tax, a significant tax reform initiated by the central government. This day serves as a reminder of the transformative impact of the comprehensive tax system on India's economy and business landscape.

BPCL's exemplary performance in tax compliance and revenue generation underscores its commitment to strong financial management and ethical business practices. The recognition further solidifies BPCL's position as a leading organisation in the energy sector, renowned for its dedication to excellence, innovation, and overall contribution to the welfare of the country.

About Bharat Petroleum Corporation Ltd. (BPCL):

Bharat Petroleum Corporation Limited (BPCL) is a Fortune Global 500 Company and one of India's premier integrated energy companies. Engaged in refining crude oil and marketing petroleum products, BPCL has a significant presence in the upstream and downstream sectors of the oil and gas industry. The company has attained the coveted Maharatna status, joining the elite club of companies with greater operational and financial autonomy.

BPCL's refineries at Mumbai, Kochi, and Bina have a combined refining capacity of around 35.3 MMTPA. The company's marketing infrastructure includes a network of installations, depots, energy stations, aviation service stations, and LPG distributors.

BPCL is committed to sustainability and aims to offer electric vehicle charging stations at around 7000 energy stations over the next 5 years. With a focus on sustainable solutions, the company is developing a roadmap to become a Net Zero Energy Company by 2040, in Scope 1 and Scope 2 emissions.

As part of its core purpose, "Energising Lives," BPCL partners with communities through various initiatives focused on education, water conservation, skill development, health, community development, capacity building, and employee volunteering. The company's vision is to be the most admired global energy company leveraging talent, innovation, and technology.

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This release was published on openPR.