BPCL Finalizes ₹95,000 Crore Greenfield Refinery in Andhra Pradesh

Amaravati: Bharat Petroleum Corporation Limited (BPCL) has announced a landmark investment of ₹95,000 crore to establish a Greenfield Refinery and Petrochemical Complex in Andhra Pradesh. This will be BPCL's fourth refinery in India, complementing its existing facilities in Mumbai, Kochi, and Bina, Madhya Pradesh. The company's governing body approved the project's initial activities on Tuesday, estimated at ₹6,100 crore, according to a statement sent to the National Stock Exchange (NSE).

BPCL stated, "We have approved preliminary activities for the Greenfield Refinery and Petrochemical Complex on the East Coast as per SEBI regulations. These include feasibility studies, land acquisition, environmental assessments, and engineering designs."

The Andhra Pradesh government played a crucial role in securing the project amidst stiff competition from Gujarat. State officials maintained continuous dialogue with BPCL management and facilitated site inspections in Moolapet, Machilipatnam, and Ramayapatnam. BPCL finalized Ramayapatnam as the project location, citing the availability of land and proximity to a port under construction.

This announcement follows a series of major investments in Andhra Pradesh, including ArcelorMittal's ₹1.61 lakh crore steel project and Reliance’s ₹65,000 crore energy sector venture.