Bharat Petroleum Corporation (BPCL), one of India`s state controlled oil and gas companies, is planning to raise up to Rs 2000 crore through private placement of secured non-convertible debentures (NCDs) during the current financial year. The debentures are proposed to be listed in debt market segment of the BSE and the NSE.

BPCL has reported 47.04% rise in its net profit at Rs 2271.94 crore for the quarter ended December 31, 2016, as compared to Rs 1545.15 crore for the same quarter in the previous year. Total income of the company increased by 20.73% at Rs 64646.70 crore for the quarter under review as compared Rs 53545.79 crore for the corresponding quarter previous year.