In a significant boost to India’s downstream infrastructure, the Andhra Pradesh government has allotted 6,000 acres of land to Bharat Petroleum Corporation Ltd. (BPCL) for setting up a world-class greenfield refinery and petrochemical complex. The project, estimated at ₹1 lakh crore, will be one of India’s largest refining investments, signaling strong momentum in the nation’s energy sector expansion.

Located near the coastal district of Srikakulam, the upcoming facility is expected to process 15–20 million tonnes of crude oil annually. To attract the massive investment, the state government has announced incentives covering up to 75% of BPCL’s capital expenditure in the form of tax rebates, infrastructure support, and other industrial sops.

This strategic collaboration is set to create thousands of jobs, strengthen India’s refining capacity, and drive regional industrial growth. BPCL aims to integrate advanced refining technologies and sustainability measures to minimize carbon emissions while enhancing product yield efficiency.

With this project, Andhra Pradesh positions itself as a key refining and petrochemical hub, contributing significantly to India’s energy security and self-reliance goals.