Bharat Petroleum Corporation (BPCL) has received approval for entering into a joint venture (JV) agreement with Oil India, for the purpose of developing City Gas Distribution (CGD) project in the state of Arunachal Pradesh. The Authorized Capital of the JV is Rs 125 crore. 

BPCL would be benefited to develop CGD Network in the state of Arunachal Pradesh from Oil India’s strong presence and experience in hydrocarbon operation in Northeast Area. The Board of Directors of the company at its meeting held on October 25, 2024 has approved the same. 

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.