BPCL, Oil India to build Rs 1-lakh-cr refinery in AP
Bharat Petroleum Corporation (BPCL) and Oil India (OIL) signed a non-binding agreement on Tuesday to develop a refinery and a petrochemical complex at an investment of Rs 1 lakh crore in Andhra Pradesh.
BPCL also signed agreements with Numaligarh Refinery (NRL) and Oil India on a Rs 3,500-crore cross-country pipeline, and with Fertilisers and Chemicals Travancore (FACT) to market organic fertilisers from its Kochi biogas plant.
The proposed refinery, with a refining capacity of 9-12 million tonne per annum (MTPA), will be a cornerstone of India’s downstream expansion, BPCL said in a release.
