Indian refiner Bharat Petroleum Corp (BPCL) has outlined a INR1,500bn (US$18.1bn) investment plan over five years to expand its oil business and grow its renewable energy portfolio, without specifying how much would be spend on clean energy initiatives. The plan is said to align with a 2040 net zero target. The company aims to invest INR1,000bn (US$12bn) until 2040 on projects such as green hydrogen, carbon capture and storage (CCUS), and enhancing energy efficiency. BPCL intends to achieve 1 GW of renewable energy capacity by 2025 and 10 GW by 2040, along with programmes like captive wind power plants and expansion of refinery capacities, with a focus on Northern India. Additionally, the company aims to supply natural gas to households, automobiles, and small industries through a significant infrastructure investment.