New Investment in Refinery and Petrochemical Complex
Bharat Petroleum Corporation Ltd (BPCL) has revealed plans to establish a greenfield refinery-cum-petrochemical complex in Andhra Pradesh with a significant investment of ₹6,100 crore. The facility will be located on the East Coast of the state, marking a major expansion in BPCL’s operations.
Pre-Project Activities Underway
In a filing to the Bombay Stock Exchange (BSE), BPCL confirmed that its board has approved the commencement of pre-project activities. This approval is for the facility. These activities will include feasibility studies, land identification and acquisition, environmental impact assessments, and engineering designs.
Aligning with State Government’s Objectives
The project aligns with one of the key demands raised by Andhra Pradesh Chief Minister N. Chandrababu Naidu, a prominent ally of the BJP-led National Democratic Alliance (NDA). This initiative is expected to boost the state’s economic development and industrial growth.
BPCL’s Push into Renewable Energy
In addition to its petrochemical investments, BPCL is making significant strides in the renewable energy sector. The company participated in NTPC’s tender to set up 1,200 MW of ISTS-connected solar power projects across India. BPCL became the lowest bidder for a 150 MW solar project, and it will develop the project over two years at an estimated cost of ₹756.45 crore.
Solar Project to Drive Sustainability
As reported by thehindubusinessline, the solar power project is expected to generate approximately 400 million units of clean energy annually, with projected annual revenue of ₹100 crore. This investment highlights BPCL’s commitment to diversifying its energy portfolio and advancing its sustainability goals.
Through these initiatives of a greenfield refinery-cum-petrochemical complex, BPCL is positioning itself as a leader in traditional energy. It is also advancing in the renewable sector. These efforts contribute to India’s energy transition while supporting economic growth in Andhra Pradesh.
