In an effort to fortify its position in international energy markets, Bharat Petroleum Corporation Limited (BPCL) has declared the establishment of a Singaporean, wholly-owned subsidiary.
On February 26, 2026, a new legal entity called Bharat Petroleum Global Energy Services (Singapore) Pte. Ltd. was established. The change has been announced in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30.
The primary objective of the subsidiary is to establish a dedicated trading desk for crude oil, natural gas, petroleum and other petrochemical products. Along with related trading and other operations, the Singapore entity will also engage in them.
The incorporation is anticipated to improve BPCL’s capacity to engage in global commodities markets, since Singapore is a significant global centre for energy trading. The issued share capital of the subsidiary is 2 million USD, and it has been incorporated. BPCL owns 2,000,000 shares, or 100% of the company, with a par value of $1 USD per share.
There is no need for further approvals for this disclosure because it pertains to the formation of a wholly owned subsidiary and not to related party transactions. With an emphasis on the trading of crude oil, natural gas, and petrochemical goods, the newly formed corporation will function in the energy industry. The statement states that, at the present time, the incorporation does not necessitate any extra regulatory approvals. With an emphasis on the trading of crude oil, natural gas, and petrochemical goods, the newly formed corporation will function in the energy industry. The statement states that, at the present time, the incorporation does not necessitate any extra regulatory approvals.
