BPCL to Build ₹6,100 Crore Greenfield Refinery and Petrochemical Complex
25 Dec 2024 10:54 AM IST
The Bharat Petroleum Corporation Limited (BPCL) has decided to set up a Greenfield refinery along with a petrochemical complex in the state, with an investment of ₹6,100 crore.
The Bharat Petroleum Corporation Limited (BPCL) has decided to set up a Greenfield refinery along with a petrochemical complex in the state, with an investment of ₹6,100 crore. This decision was taken during a board meeting held on Tuesday, as confirmed by BPCL. The corporation has also informed the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) through official letters.
According to the reports, the refinery is planned to be established on the East Coast of Andhra Pradesh. The BPCL officials clarified that the pre-project activities have already begun. These include preliminary studies, land identification and acquisition, preparation of feasibility reports and environmental impact assessments. The corporation stressed that all aspects of the project, including engineering packages and designs, are currently under review.
( Source : Deccan Chronicle )
Next Story
