BPCL bags Supply Chain Leadership Award
Mumbai, September 12, 2022: Bharat Petroleum Corporation Limited, India’s ‘best performing’ Maharatna Public Sector Undertaking and the second largest energy PSU in India has today been adjudged the Winner in the 14th Edition of ELSC (Express, Logistics and Supply Chain) Leadership award presented, under the category of “Best-In-Class Cross-Functional Collaboration” for the implementation of cross functional alliance comprising of Multi-Refinery PIMS (MPIMS) in Crude Oil procurement and product distribution at a single platform.
The Award was received by Team SCO at the 14th Edition of ELSC Leadership awards, at an event held at Taj Lands End, Mumbai.
Speaking on the occasion, Mr. R. Sreekumar Chief General Manager I/C (SCO) said, “We at BPCL are delighted to receive this award as we follow the moto “Work hard in silence, let success make the noise.” We have embraced a visionary approach of going beyond the conventional method of separate procurement and distribution by utilizing single point optimization at Global level using integrated Aspentech Multi-Refinery M-PIMS Model (MPIMS- Multi Process Industry Modeling System). Optimization through MPIMS gives an eagle-eye view of the whole process and demonstrates the options for perfect tuning of crude procurement in conjunction with product demand and logistics.”
The Supply Chain Summit is a leadership focused conference designed around improving Supply Chain and Procurement Strategy. It serves as an Annual platform to exchange ideas and collaborate on the impact of Market dynamics and new Technologies for current and future Supply Chain & Operations leaders.
Arriving at the right crude mix for each refinery, ensuring the uninterrupted supply of petroleum products and optimising refinery economics is a perplexing endeavour for Supply Chain Optimization (SCO) team.
About Bharat Petroleum Corporation Ltd. (BPCL):
Fortune Global 500 Company, Bharat Petroleum is the second largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted Maharatna status, joining the elite club of companies having greater operational & financial autonomy.
Bharat Petroleum’s Refineries at Mumbai & Kochi and subsidiary Bharat Oman Refineries Ltd., at Bina, Madhya Pradesh have a combined refining capacity of around 35.3 MMTPA. Its marketing infrastructure includes a network of installations, depots, energy stations, aviation service stations and LPG distributors. Its distribution network comprises over 20,000 Energy Stations, over 6,200 LPG distributorships, 733 Lubes distributorships, and 123 POL storage locations, 54 LPG Bottling Plants, 60 Aviation Service Stations, 4 Lube blending plants and 4 cross-country pipelines.
Bharat Petroleum is integrating its strategy, investments, environmental and social ambitions to move towards a sustainable planet. The company has chalked out the plan to offer electric vehicle charging stations at around 7000 energy stations over next 5 years.
With a focus on sustainable solutions, the company is developing a vibrant ecosystem and a road-map to become a Net Zero Energy Company by 2040, in Scope 1 and Scope 2 emissions. Bharat Petroleum has been partnering communities by supporting innumerable initiatives connected primarily in the areas of education, water conservation, skill development, health, community development, capacity building and employee volunteering. With ‘Energising Lives’ as its core purpose, Bharat Petroleum’s vision is to be the most admired global energy company leveraging talent, innovation & technology.
