Bharat Petroleum Corporation Limited — JV/Acquisition, 02-07-2026: Acquisition

BPCL is strengthening its global energy footprint! Its subsidiary, BPRL Ventures BV, is taking full control of IBV Brasil Petroleo Limitada by acquiring the remaining 39.14% stake. This strategic move, valued at Rs. 2,312 Cr, boosts BPCL's access to additional equity oil and gas resources from Brazil. The acquisition of the oil & gas exploration and production company directly contributes to India's energy security, securing future energy supplies for the company.