Bharat Petroleum (BPCL) — Announcement

BPCL received an Adjudicating Authority order dated 21st February 2026 from the Commissioner of Central Tax and Central Excise, Kochi, confirming a demand of ₹476.94 crores in excise duty plus ₹1,339.70 crores in interest (totaling ₹1,816.65 crores) for the period September 2004 to May 2010. The dispute involved 19 Show Cause Notices regarding transaction valuation under Central Excise law, primarily relating to the pre-merger period of Kochi Refineries Limited. BPCL plans to appeal the order before CESTAT.

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About Bharat Petroleum Corporation Limited (BPCL)

Oil Gas & Consumable Fuels · Petroleum Products · Listed on NSE

Market Cap: ₹1,23,408.79 Cr P/E: 4.9 ROE: 30.2% ROCE: 25.4%

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