Bharat Petroleum Corporation Ltd. (BPCL) has announced the incorporation of a wholly owned subsidiary in Singapore named Bharat Petroleum Global Energy Services (Singapore) Pte. Ltd., effective February 26, 2026. This strategic move is aimed at establishing a trading desk for Crude Oil, Natural Gas, Petroleum, and associated petrochemical products. The subsidiary commenced with an issued share capital of USD 2 Million.
Strategic Expansion into Global Trading Services
Bharat Petroleum Corporation Ltd. (BPCL) has officially completed the incorporation of a new entity, Bharat Petroleum Global Energy Services (Singapore) Pte. Ltd., in Singapore. This development, finalized on February 26, 2026, represents a key strategic move by the corporation to enhance its presence in international energy markets.
Purpose and Business Focus
The primary objective of the newly formed subsidiary is the establishment of a dedicated trading desk. This desk will focus on active trading in Crude Oil, Natural gas, Petroleum, and other related Petrochemical products, alongside carrying out necessary associated activities. The industry classification for this entity falls under Energy (Crude Oil and Petroleum products).
Ownership and Capital Structure
The subsidiary is wholly owned by BPCL, which holds 100% of the shareholding. The total issued share capital is 2 Million shares, valued at USD 1 per Share, resulting in an initial paid-up capital of USD 2 Million. The incorporation date marks the official start of this new venture.
Entity Details Summary
The incorporation details confirm the following:
- Target Entity Name: Bharat Petroleum Global Energy Services (Singapore) Pte. Ltd.
- Country of Incorporation: Singapore
- Date of Incorporation: 26.02.2026
- Line of Business: Trading in Crude Oil, Natural gas, Petroleum and other Petrochemical products.
Source: BSE
