BPCL to Invest Rs 1 tn in Andhra Pradesh, Says Industries Minister Bharat
OIL & GAS

BPCL to Invest Rs 1 tn in Andhra Pradesh, Says Industries Minister Bharat

Andhra Pradesh Industries Minister TG Bharat announced that Bharat Petroleum Corporation (BPCL) expressed readiness to invest Rs 1 trillion in the state, potentially including the establishment of an oil refinery. Accompanied by a BPCL delegation led by chairman and managing director G Krishna Kumar, the Industries Minister met Chief Minister N Chandrababu Naidu at the Secretariat in Amaravati.

Bharat reported that BPCL officials informed Naidu of their substantial investment plans and primarily discussed the prospect of setting up an oil refinery. "BPCL has conveyed its intention to invest Rs 1 trillion in the state, with an initial investment ranging between Rs 500 billion and Rs 750 billion," he stated in an official press release. He further mentioned that BPCL aims to eventually increase this investment to Rs 1 lakh crore and is evaluating three potential locations for the refinery.

Looking ahead, Bharat indicated that the BPCL delegation plans to reconvene with the CM in 90 days to finalise the refinery's location. Additionally, the Minister highlighted that Vietnamese electric vehicle manufacturer VinFast expressed interest in establishing operations in Andhra Pradesh. "The Vietnamese company discussed with CM Chandrababu their proposal to invest Rs 40 billion in the state, potentially setting up EV and battery manufacturing facilities at either Orvakal in undivided Kurnool district or Krishnapatnam," he added.

Andhra Pradesh Industries Minister TG Bharat announced that Bharat Petroleum Corporation (BPCL) expressed readiness to invest Rs 1 trillion in the state, potentially including the establishment of an oil refinery. Accompanied by a BPCL delegation led by chairman and managing director G Krishna Kumar, the Industries Minister met Chief Minister N Chandrababu Naidu at the Secretariat in Amaravati. Bharat reported that BPCL officials informed Naidu of their substantial investment plans and primarily discussed the prospect of setting up an oil refinery. BPCL has conveyed its intention to invest Rs 1 trillion in the state, with an initial investment ranging between Rs 500 billion and Rs 750 billion, he stated in an official press release. He further mentioned that BPCL aims to eventually increase this investment to Rs 1 lakh crore and is evaluating three potential locations for the refinery. Looking ahead, Bharat indicated that the BPCL delegation plans to reconvene with the CM in 90 days to finalise the refinery's location. Additionally, the Minister highlighted that Vietnamese electric vehicle manufacturer VinFast expressed interest in establishing operations in Andhra Pradesh. The Vietnamese company discussed with CM Chandrababu their proposal to invest Rs 40 billion in the state, potentially setting up EV and battery manufacturing facilities at either Orvakal in undivided Kurnool district or Krishnapatnam, he added.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code