BPCL and OIL Ink Agreement to Develop ₹1 Lakh Crore Ramayapatnam Greenfield Refinery.

Bharat Petroleum Corporation Limited (BPCL) has signed a non-binding agreement with Oil India Limited (OIL) to explore collaboration in setting up BPCL’s upcoming Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port in Andhra Pradesh’s Nellore district.

The planned facility, estimated at ₹1 lakh crore, will have a refining capacity of 9–12 million metric tonnes per annum (MMTPA). It will include a 1.5 MMTPA ethylene cracker unit, the first of its kind in southern India, with a petrochemical intensity of 35 percent. The Ramayapatnam complex is expected to commence commercial operations by FY 2030.