New Delhi: Bharat Petroleum Corporation Limited (BPCL) has approved a fundraising plan of up to ₹5,000 crore through the issuance of secured or unsecured redeemable Non-Convertible Debentures (NCDs). The decision was taken by the company’s Board of Directors at its meeting held on August 18, 2026.
The proposed fundraising will be carried out in one or more series or tranches, with the company permitted to issue the NCDs in a maximum of 10 tranches within a period of one year.
BPCL Board Approves ₹5,000 Crore NCD Fundraising
The BPCL Board has approved the issuance of secured or unsecured redeemable NCDs aggregating up to ₹5,000 crore.
The company will have flexibility to raise the funds through multiple series or tranches depending on its requirements and prevailing market conditions.
Key Details
- Company: Bharat Petroleum Corporation Limited (BPCL)
- Instrument: Secured/Unsecured Redeemable NCDs
- Maximum fundraising: ₹5,000 crore
- Maximum number of tranches: 10
- Fundraising period: Within one year
- Board approval date: August 18, 2026
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NCD Issue to Be Decided in Multiple Tranches
BPCL has stated that the specific terms of each series or tranche, including allotment details and other issue-related parameters, will be decided separately. The relevant details will be communicated to the stock exchanges in the prescribed format at the time of each individual issue.
The flexible structure will allow BPCL to access the debt market in stages rather than raising the entire approved amount at once.
Board Meeting Held on August 18
The decision was taken during BPCL’s Board meeting held on August 18, 2026. The meeting commenced at 11:00 AM and concluded at 3:45 PM.
The fundraising approval follows the company’s earlier stock exchange intimation dated August 13, 2026.
BPCL made the disclosure under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
What the Fundraising Plan Means
The approval gives BPCL the option to raise up to ₹5,000 crore through debt instruments over the next year. The company can decide whether to issue secured or unsecured NCDs and determine the terms of individual tranches based on its funding requirements and market conditions.
Investors and market participants will be able to assess the detailed terms, including the size and structure of each tranche, when BPCL announces individual issuances.
About BPCL
Bharat Petroleum Corporation Limited (BPCL) is a Maharatna Central Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, Government of India. A Fortune Global 500 company, BPCL operates across refining, fuel marketing, pipelines and various energy businesses. Its network of refineries and research capabilities supports the development of specialised petroleum products for diverse industrial and strategic requirements.
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