*  Bharat Petroleum Corporation Limited (BPCL) to set up Greenfield refinery and Petrochemical complex on East Coast

*  Approved an initial investment of Rs.6,100 crore

* Site surveys, land identification, acquisition

*  lBPCL has outlined plans for an initial investment of Rs.50,000 crore to Rs.75,000 crore for two facilities in the region

Metro India News | AMARAVATI

In a significant step forward for Andhra Pradesh, an establishment of a Greenfield Refinery and Petrochemical Complex on the East Coast of Andhra Pradesh has been officially confirmed by Bharat Petroleum Corporation Limited (BPCL). This development marks a major milestone in the industrial and economic landscape of the state.

The announcement by BPCL has been hailed as a breakthrough moment. Lavu Sri Krishna Devarayalu, leader of the Telugu Desam Parliamentary Party (TDPP), credited this success to the visionary leadership of Chief Minister N. Chandrababu Naidu. “This achievement underscores the relentless efforts of our state leadership in ensuring Andhra Pradesh becomes an industrial powerhouse,” he stated.

In a formal communication to the stock exchanges, BPCL revealed that its board, during a meeting held on Tuesday, December 24, approved an initial investment of Rs.6,100 crore. This amount will be directed toward pre-project activities, which include essential groundwork such as, initial studies and site surveys, land identification, acquisition, preparation of a detailed feasibility report and conducting an environmental impact assessment based on basic design engineering and front-end engineering design (FEED).

These preliminary activities are expected to set the stage for a large-scale industrial project that could reshape the economic profile of Andhra Pradesh’s coastline.

BPCL has outlined plans for an initial investment of Rs.50,000 crore to Rs.75,000 crore for two facilities in the region. Furthermore, the company has indicated the potential for scaling up investments to an eye-watering Rs.1 lakh crore in the future. Such a financial commitment could transform Andhra Pradesh into a hub for high-value industries, creating a ripple effect across the local economy.

The East Coast location was chosen for its strategic advantages. Andhra Pradesh boasts one of India’s longest coastlines, offering easy access to international shipping routes and facilitating export-oriented operations. Additionally, the project is expected to leverage the state’s existing infrastructure and workforce, while also spurring the development of new facilities, such as ports, railways, and industrial corridors.

The refinery and petrochemical complex will produce a range of refined petroleum products and petrochemicals, including ethylene, propylene, and other key raw materials for industries like plastics, pharmaceuticals, and textiles. These products are critical for domestic consumption and export, aligning with India’s broader vision of becoming a global manufacturing hub.