Mega refinery project to be revived in Maharashtra

After losing out to a bunch of mega investments including the Vedanta-Foxconn and Tata-Airbus, the Eknath Shinde-Devendra Fadnavis government inched a step closer to the revival of the ambitious super-refinery project in the Ratnagiri district along the coastal Konkan belt of Maharashtra.

The project involves an Indian consortium consisting of Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (BPCL) that signed an MoU with Saudi Arabian Oil Co (Saudi Aramco) for setting up India’s largest refinery and petroleum complex – close to the Arabian Sea.

The Rs 3 lakh crore project – known as the Ratnagiri Refinery and Petrochemicals Ltd (RRPCL)