+
BPCL to Invest Rs 968 Billion in Andhra Refinery Project
OIL & GAS

BPCL to Invest Rs 968 Billion in Andhra Refinery Project

State-run Bharat Petroleum Corporation Ltd (BPCL) will invest nearly USD 11 billion (Rs 968.62 billion) to construct a new refinery with a capacity of 180,000–240,000 barrels per day in the southern state of Andhra Pradesh, according to a state government order issued on Thursday.

The Andhra Pradesh government has allocated 6,000 acres of land for the refinery and petrochemicals complex, and has instructed BPCL to commence commercial operations by January 2029.

The project, which is expected to significantly boost industrial growth in the region, comes as the state—led by Chief Minister Chandrababu Naidu, a key ally of Prime Minister Narendra Modi—seeks to attract major investments to mitigate financial pressures arising from high debt and extensive social welfare spending.

According to the order, the state government will offer financial incentives amounting to 75 per cent of the project’s estimated capital expenditure over a period of 20 years to support BPCL’s investment.

BPCL, India’s second-largest state-owned refiner, currently operates three refineries with a combined crude processing capacity of 706,000 barrels per day. The new refinery in Andhra Pradesh will further strengthen the company’s refining and petrochemical portfolio, positioning it as a key player in meeting India’s growing energy demand.

State-run Bharat Petroleum Corporation Ltd (BPCL) will invest nearly USD 11 billion (Rs 968.62 billion) to construct a new refinery with a capacity of 180,000–240,000 barrels per day in the southern state of Andhra Pradesh, according to a state government order issued on Thursday. The Andhra Pradesh government has allocated 6,000 acres of land for the refinery and petrochemicals complex, and has instructed BPCL to commence commercial operations by January 2029. The project, which is expected to significantly boost industrial growth in the region, comes as the state—led by Chief Minister Chandrababu Naidu, a key ally of Prime Minister Narendra Modi—seeks to attract major investments to mitigate financial pressures arising from high debt and extensive social welfare spending. According to the order, the state government will offer financial incentives amounting to 75 per cent of the project’s estimated capital expenditure over a period of 20 years to support BPCL’s investment. BPCL, India’s second-largest state-owned refiner, currently operates three refineries with a combined crude processing capacity of 706,000 barrels per day. The new refinery in Andhra Pradesh will further strengthen the company’s refining and petrochemical portfolio, positioning it as a key player in meeting India’s growing energy demand.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code