New Delhi: India’s state-run Bharat Petroleum Corporation Limited (BPCL) has signed three major agreements aimed at expanding its refining, pipeline and renewable operations, including a Rs 1 trillion ($11.38 billion) deal with Oil India Ltd (OIL) to set up a greenfield refinery and petrochemical complex in Andhra Pradesh.
The refinery project, to be located at Ramayapatnam, will have a capacity of 9 to 12 million tonnes per year and include a 1.5-million-tonne ethylene cracker unit. BPCL said it has already secured 6,000 acres of land and obtained key statutory clearances from the Andhra Pradesh government. Pre-project work is currently underway, with commercial operations expected to begin by fiscal 2030.
BPCL Chairman Sanjay Khanna stated that Oil India is considering acquiring a 10 per cent to 20 per cent stake in the upcoming southern refinery. He added that BPCL is in talks with additional partners to participate in the project, which aims to strengthen India’s refining and petrochemical capabilities.
In another deal, BPCL, Oil India and Numaligarh Refinery Ltd (NRL) agreed to jointly construct a ₹35 billion cross-country petroleum products pipeline covering about 700 km from Siliguri to Mughalsarai via Muzaffarpur. The pipeline will transport petrol, diesel and jet fuel, with BPCL holding a 50% stake, while Oil India and NRL will share the remaining equity. The development aligns with NRL’s expansion to 9 million tonnes per annum capacity.
The third agreement, signed with Fertilisers and Chemicals Travancore Ltd (FACT), focuses on marketing organic fertilisers from BPCL’s upcoming biogas facility in Brahmapuram, Kerala. The Kochi-based plant will convert municipal solid waste into compressed biogas and organic manure, supporting India’s push toward sustainable energy solutions.
BPCL, India’s second-largest state refiner, currently operates three refineries with a combined capacity of 706,000 barrels per day.
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