Bharat Petroleum Corporation Limited (BPCL) has clarified news regarding two major contracts awarded to M/s. Technip Energies Limited. The company issued letters of intent on 24th November 2025 for these contracts, which are part of BPCL's capital expenditure and in the ordinary course of business.

The first contract is for the Engineering, Procurement, Construction and Commissioning (EPCC) package of a Polypropylene (PP) and Butene-1 unit for the Bina Refinery, with an estimated cash outflow of ₹3600 crore.

The second contract involves Engineering, Procurement and Construction Management (EPCM) services for two units at the Mumbai Refinery. This includes the Petro Resid Fluidized Catalytic Cracking (PRFCC) Unit, estimated at ₹467 crore, and the Hydrocracker Unit (HCU) revamp, estimated at ₹50 crore.

BPCL stated that these contracts do not necessitate a price movement in its shares and that there was no prior requirement to inform the stock exchanges as they fall within the normal business operations.