i Develop Stocks Advisory

BPCL to invest $200 mn in upstream ventures Bharat Petroleum Corp, Country's second-largest state oil refiner, will invest about $200 million, in overseas upstream ventures in the current fiscal year, its chief said on Tuesday. Ashok Sinha, chairman and managing director, told Reuters that the investment represented the value of its 10-30 per cent share in its joint-venture partners overseas. "Taken altogether in the current year, we are looking at the order of $200 million," Sinha said.