BPCL Incorporates Wholly Owned Subsidiary in Singapore for Global Energy Trading

New Delhi: Bharat Petroleum Corporation Limited (BPCL) has announced the incorporation of a wholly owned subsidiary in Singapore as part of its strategy to strengthen its presence in global energy markets.

The newly formed entity, Bharat Petroleum Global Energy Services (Singapore) Pte. Ltd., was incorporated on February 26, 2026. The move has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Purpose of the Singapore Subsidiary

The primary objective of the subsidiary is to establish a dedicated trading desk for crude oil, natural gas, petroleum and other petrochemical products. The Singapore entity will also undertake related trading and associated activities.

Singapore is a key global hub for energy trading, and the incorporation is expected to enhance BPCL’s ability to participate more effectively in international commodity markets.

Shareholding and Capital Structure

The subsidiary has been incorporated with an issued share capital of USD 2 million. BPCL holds 100 percent of the shareholding, amounting to 2 million shares at USD 1 per share.

Since this is the incorporation of a wholly owned subsidiary, the disclosure does not fall under related party transactions requiring additional approvals.

Business Focus

The newly incorporated company will operate in the energy sector, focusing on trading in crude oil, natural gas and petrochemical products. As per the disclosure, no separate regulatory approvals were required for the incorporation at this stage.

Strategic Significance

The formation of a Singapore-based subsidiary aligns with BPCL’s broader strategy to strengthen its global trading capabilities and optimize sourcing and supply chain operations. Establishing a presence in a leading global energy trading hub is expected to provide operational flexibility and improved market access.

With this step, BPCL continues to expand its international footprint while reinforcing its core energy trading business.