Overview
- BPCL is seeking strategic investors for a 30–40% stake in its planned refinery-petrochemicals complex in Andhra Pradesh.
- A senior BPCL executive said Saudi Aramco is expected to take about 20% and Oil India around 10%, with a further 4–5% potentially placed with banks.
- The project is estimated at over Rs 96,000 crore with a planned processing capacity of 9–12 mtpa, and BPCL cautions the final cost could vary by roughly 30%.
- The detailed feasibility report is due by end-February 2026 and will determine the configuration and firm costs before definitive investment negotiations proceed.
- The complex is planned on roughly 6,000 acres near Ramayapatnam port, and the state has reportedly sought commercial operations by January 2029.