BPCL Share Price in Focus; Sanjay Khanna Appointed as Chairman and Managing Director

Bharat Petroleum Corporation Limited has announced a leadership transition with the appointment of a new Chairman and Managing Director.  

The development formalises an internal elevation and comes at a time when the company is pursuing large-scale expansion plans in refining and petrochemicals. 

Appointment Details and Leadership Transition 

BPCL has appointed Sanjay Khanna as its Chairman and Managing Director with effect from April 9, 2026. His tenure will continue until May 31, 2029, which coincides with his date of superannuation, or until further orders, whichever is earlier. 

Khanna has been associated with the company in senior leadership roles for several years. He was appointed Director (Refineries) on February 22, 2022, and had also been holding additional charge as Chairman and Managing Director since May 1, 2025.  

The company confirmed that Sanjay Khanna is not debarred from holding the office of director by any regulatory authority and is not related to any other directors or key managerial personnel of the company. He holds 15,050 shares in BPCL. 

Experience, Background and Key Contributions 

Sanjay Khanna is a chemical engineering graduate from the National Institute of Technology, Tiruchirappalli, and holds a postgraduate qualification in finance management from Mumbai University. With more than three decades of experience, his expertise spans refinery operations and technical services. 

He has been instrumental in setting up process units across BPCL’s refineries in Mumbai, Kochi and Numaligarh. Prior to becoming Director (Refineries), he led the Kochi and Mumbai refinery operations. 

During his tenure as Executive Director at Kochi Refinery, he played a significant role in commissioning BPCL’s first niche petrochemical project, the Propylene Derivative Petrochemical Project, despite challenges during the pandemic. 

Strategic Role and Future Expansion Plans 

Under Khanna’s leadership, BPCL has outlined investment plans of ₹75,000 crore over the next 5 years. A key component of this is the ₹50,000 crore Bina Petrochemical and Refinery Expansion Project in Madhya Pradesh, which represents one of the largest investments undertaken by the company. 

In addition to his role at BPCL, Khanna serves on the boards of Bharat PetroResources Limited, Petronet LNG Limited and Ratnagiri Refinery and Petrochemicals Limited.  

He is also the Chairperson of the Technical Committee for Petroleum Refineries under the Ministry of Petroleum and Natural Gas. 

Read More: BPCL, IOCL and Other Refiners Rose Up to 8% After Trump Announced 2 Week Ceasefire Amid Cooling Crude Oil! 

BPCL Share Price Performance  

As of April 10, 2026, at 9:24 AM, Bharat Petroleum Corporation Limited share price on NSE was trading at ₹300.80, surged by 1.18% from the previous closing price.  

Conclusion 

The appointment of Sanjay Khanna as Chairman and Managing Director marks continuity in leadership at BPCL, with a focus on execution of major refinery and petrochemical expansion projects. 

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