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BPCL, Oil India mull AP refinery JV

Hindustan Times Delhi

|

October 29, 2025

State-run Bharat Petroleum Corp. Ltd (BPCL) is exploring a plan to jointly develop its proposed greenfield refinery and petrochemical complex in Andhra Pradesh with public sector explorer Oil India Ltd (OIL).

- Rituraj Baruah

The companies, as part of their memorandum of understanding (MoU), will also evaluate the possibility of Oil India taking a minority equity stake in the proposed project, said a BPCL statement on Tuesday. The facility will have a refining capacity of 9-12 million metric tonnes per annum (mmtpa) and will entail an estimated investment of 21 trillion ($11 billion). The project has already secured key statutory clearances and 6,000 acres nea

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