Bharat Petroleum Corporation Limited (BPCL) plans to establish an oil refinery and petrochemical complex in Ramayapatnam, Nellore district, Andhra Pradesh, with an investment of Rs 60,000 crore. The project will be located on a 1,000-acre site identified after feasibility studies were conducted on three potential locations: Srikakulam, Machilipatnam, and Ramayapatnam.
The site was selected due to its strategic advantages, including access to a dedicated jetty at the Ramayapatnam port. The project fulfills a mandate under the Andhra Pradesh Reorganisation Act, 2014, which required the establishment of a greenfield oil refinery and petrochemical hub in the state.
A formal announcement is expected later this month, potentially coinciding with the foundation stone-laying ceremony of NTPC’s green hydrogen hub in Pudimadaka, near Visakhapatnam. The development is anticipated to generate employment opportunities and contribute to the state’s industrial growth.
BPCL’s investment is seen as a move to enhance India’s downstream energy capabilities while addressing increasing energy demands. The refinery is part of broader efforts to boost industrial infrastructure in Andhra Pradesh.