Bharat Petroleum Corp (BPCL) is negotiating with lenders to secure approximately Rs 32,000 crore ($3.8 billion) for significant refinery and petrochemical expansion. This potential loan could be the largest local-currency deal in India this year. BPCL aims to enhance its refining and petrochemical capacities over the next five to seven years to meet rising energy needs. The State Bank of India, the nation's largest lender, is expected to lead the financing. BPCL has also committed to achieving net zero carbon emissions by 2040.