The Andhra Pradesh government and officials from Bharat Petroleum Corporation Limited (BPCL) met to discuss the potential establishment of an oil refinery and petrochemical complex in the state. The project is likely to attract investments amounting to ₹70,000 crore.
The government is preparing a detailed feasibility report, emphasizing on the state’s strategic location on the east coast and its significant potential in the petrochemical sector. The project would require up to 5,000 acres of land, and the state government has pledged to assist in securing the necessary land.
As reported by projectstoday.com, BPCL, a Maharatna public sector enterprise, is involved in various activities including oil refining and fuel retailing.
