Bharat Petroleum Corporation Limited Pays Environmental Compensation Following CPCB Directive
Bharat Petroleum Corporation Limited (BPCL) has confirmed the payment of environmental compensation following a directive from the Central Pollution Control Board (CPCB). The payment relates to the failure to install Vapour Recovery Systems (VRS) at the company's storage locations within the timelines prescribed by the CPCB.BPCL stated that the CPCB had directed the company to pay Environmental Compensation of Rs.1 crore for not installing the necessary VRS at its Storage locations by March 2024.
The matter proceeded through legal channels, involving an appeal filed with the National Green Tribunal seeking an order to quash and set aside the CPCB's directions. However, the Tribunal subsequently asked BPCL to comply with the CPCB directions, leading to an order received on April 7, 2026, requiring the payment of Rs.1 Crore.
The company also provided an update on the remedial actions taken, noting that VRS had been installed at all 41 storage locations, fulfilling the mandate set by the CPCB, by March 2025.
The details of the directive and the compensation involve the following key figures:
| Authority | Action Directed | Date of Judgment Receipt | Violation Details | Financial Impact |
|---|---|---|---|---|
| Central Pollution Control Board (CPCB) | Direction to deposit environmental compensation | 7th April 2026 (Judgment received on 25th March'26) | Under Section 5 of Environment (Protection) Act, 1986 for not complying with timelines prescribed in CPCB directions dated 18.9.2020. | No material impact |
The compensation was for not complying with the timelines prescribed in CPCB directions dated 18.9.2020, 11.11.2024, and 23.07.2025.
BPCL Stock Price Movement
Today, Bharat Petroleum Corporation Limited shares edged higher to settle at ₹298.75, gaining 7.68% in post-market trading. The stock recorded significant movement, with a total volume of 26.65 million shares traded today.Source:
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