Oil India explores equity investments in BPCL’s proposed ₹1 tn refinery in Andhra Pradesh
New Delhi: State-run Bharat Petroleum Corp. is exploring to jointly develop its proposed greenfield refinery and petrochemical complex in Andhra Pradesh with public sector explorer Oil India Ltd.
The companies, as part of their memorandum of understanding (MoU), will also evaluate the possibility of Oil India (OIL) taking a minority equity stake in the proposed project, said a statement by Bharat Petroleum (BPCL) on Tuesday.
