Burmah-Shell Refineries Limited (BSR), was incorporated on 3.11.1952 as a Company under the Indian Companies Act, 1913, at Mumbai, with the Authorised Capital of Rs. 25 crore. A refinery was set up by this Company at Mahul, Mumbai. Secondly, the Burmah-Shell Oil Storage & Distributing Company of India Ltd (BSM), a foreign Company, established in England in 1928, was carrying on in India the business of Distributing & Marketing petroleum products & for that purpose established places of business at Mumbai & other places in India.