BPCL, a state-owned company in India, has announced two significant joint ventures to support its energy transition and net-zero initiatives. The first venture involves a 50:50 partnership with Sembcorp Green Hydrogen India Private Ltd to develop renewable energy and green hydrogen projects nationwide. This collaboration will focus on the production, operation, and sale of renewable energy and green hydrogen. The second joint venture with GPS Renewables Private Ltd aims to establish compressed biogas plants across India, contributing to BPCL's compliance with biogas blending mandates. These partnerships demonstrate BPCL's commitment to diversifying its business and promoting sustainable energy practices in India. The company's financial performance, however, saw a decline in net profit for the April-June period, although revenue exceeded expectations. Despite the profit decrease, BPCL's initiatives in renewable energy and biogas align with its long-term goals of supporting India's energy transition and environmental sustainability.