bp India

bp India is the Indian country organisation of BP p.l.c., the London-headquartered integrated energy major. It is not a separately listed company but a subsidiary operation that represents the BP group's commercial interests across India — one of the largest and fastest-growing energy consuming countries in the world. Through this arm, BP markets fuels and lubricants, supplies liquefied natural gas, and pursues low-carbon and digital energy ventures in partnership with Indian conglomerates. BP's presence in India has historically centred on downstream marketing: the Castrol lubricants brand, acquired by BP in 2000, has long been one of the most recognisable automotive and industrial lubricant names in the Indian market, supported by blending plants and a nationwide distributor network. Alongside Castrol, bp India has worked to build a fuels retail and mobility business, aviation fuel supply, and marine lubricants serving India's shipping and port economy. On the gas side, BP holds a stake in India's east-coast deepwater gas block KG-D6 through its partnership with Reliance Industries, and the two groups have jointly created a fuels and mobility joint venture, Jio-bp, which operates retail fuel stations and mobility services across the country. BP has also invested in the digital and low-carbon space in India, including ventures in electric mobility and renewable energy through its bp ventures arm. bp India positions itself as a partner in India's energy transition — combining conventional fuels and lubricants with gas, mobility convenience retail, and lower-carbon solutions. Its brand identity in India is closely tied to Castrol's motorsport and workshop heritage, to the Jio-bp retail network, and to BP's global technology and safety standards. The organisation reports into BP's regional and global business segments rather than being an independent public entity.

BP's commercial relationship with India stretches back decades through its downstream lubricants business. The decisive step came in 2000, when BP acquired Burmah Castrol, bringing the Castrol lubricants brand — long established in India through Castrol India, a listed Indian subsidiary — fully into the BP group. Castrol India became the group's principal publicly traded vehicle in the country, with blending plants and a distribution network serving passenger cars, motorcycles, commercial vehicles and industry. In the 2010s BP deepened its Indian footprint beyond lubricants. In 2011 BP agreed to acquire a 30% interest in 21 oil and gas production-sharing contracts operated by Reliance Industries, including the KG-D6 block offshore Andhra Pradesh, in a transaction valued at roughly US$7.2 billion — one of the largest foreign direct investments in India at the time. The deal made BP a partner in India's flagship deepwater gas development and was followed by the formation of a joint venture, India Gas Solutions, to market and transport natural gas in the country. In 2019 BP and Reliance announced a major downstream partnership to combine their retail fuel and mobility businesses in India, creating a 51:49 joint venture later branded Jio-bp. The venture operates fuel retail outlets, aviation fuel marketing and mobility services, and has expanded into electric-vehicle charging and convenience retail. BP has also used its bp ventures arm to back Indian low-carbon and digital businesses, and has explored renewable energy and green hydrogen opportunities in the country. Across these phases, bp India has evolved from a lubricants-led marketing presence into a multi-business country organisation spanning fuels, gas, mobility and low-carbon energy. It operates under BP's global business segments and reports to the group's regional leadership rather than to Indian public shareholders, while Castrol India remains separately listed on Indian exchanges.

• 2019

  BP and Reliance announce a fuels and mobility joint venture in India, later branded Jio-bp.

• 2011

  BP agrees to buy a 30% stake in 21 Reliance Industries oil and gas blocks, including KG-D6, for about US$7.2 billion.

• 2000

  BP acquires Burmah Castrol, bringing the Castrol lubricants brand and Castrol India into the BP group.

An integrated energy partner for India's growth and energy transition, combining global BP technology with local downstream brands such as Castrol and the Jio-bp retail network.

• Castrol lubricants

  Automotive and industrial lubricants marketed in India through Castrol India.

• Jio-bp retail fuels

  Petrol, diesel and mobility services sold through the BP-Reliance joint venture's retail network.

• Natural gas from KG-D6

  Deepwater gas produced through the BP-Reliance partnership offshore eastern India.

• Unconfirmed

  Reported2026.08.20

  MC² Foundation launches MC²+ Ignite energy innovation accelerator[3]MC²基金会启动MC²+ Ignite能源创新加速器thehindubusinessline.com

  The MC² foundation, a non-government private entity under India's Ministry of Petroleum and Natural Gas, announced the launch of MC²+ Ignite, a sector-specific accelerator programme for deep-tech start-ups building technologies for India's energy sector. The programme will select a cohort of approximately 30 start-ups eligible for up to ₹2 crore in milestone-linked convertible funding, operating with a hub in Delhi and nodes within sponsoring oil and gas companies' R&D centres.

• 2026.08.19

  Reported2026.08.20

  MC² Foundation launches MC²+ Ignite energy innovation accelerator[4]MC²基金会推出MC²+ Ignite能源创新加速器aninews.in

  MC² Foundation launched MC²+ Ignite, an energy innovation accelerator, at IIT Madras on August 19, with the Secretary of India's Ministry of Petroleum and Natural Gas and the CMDs of major Indian oil and gas companies present. The programme will select about 30 startups, which will be eligible for up to ₹2 crore in milestone-linked convertible funding, and has partnered with IIT Madras, IIT Kanpur, IIT Kharagpur, C-CAMP and Venture Center, Pune.

Read more

1. 1BP India official sitebp.com
2. 2Castrol Indiacastrol.com
3. 3MC²基金会启动MC²+ Ignite能源创新加速器thehindubusinessline.com
4. 4MC²基金会推出MC²+ Ignite能源创新加速器aninews.in