Bharat Petroleum Corporation Limited (BPCL) has announced its expansion into the renewable energy sector through two new joint ventures. The company's Board of Directors approved partnerships with Sembcorp Green Hydrogen India Pvt. Ltd. and GPS Renewables Pvt. Ltd. The joint venture with Sembcorp Green Hydrogen India focuses on developing and operating renewable energy and green hydrogen projects in India. Similarly, the collaboration with GPS Renewables aims to set up compressed biogas plants across the country. Both agreements are awaiting regulatory approvals. BPCL, with a 50% shareholding in each venture, intends to transition to a more sustainable energy model to achieve its net zero targets. Despite a 73.3% dip in net profit in the previous quarter, BPCL is forging ahead with these initiatives. The move aligns with other recent developments in the sector, such as Sembcorp's Green Ammonia plant in Tamil Nadu and GPS Renewables' joint venture with Indian Oil Corporation (IOC) to promote sustainable energy solutions in India. These joint ventures signify BPCL's commitment to embracing renewable energy sources and moving towards a greener future.