The record
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- Andhra Pradesh Chief Minister N. Chandrababu Naidu has asked Bharat Petroleum Corporation Limited to expedite work on its proposed refinery-cum-petrochemical project near Ramayapatnam Port.
- The project between Prakasam and Nellore districts is estimated to cost around ₹1.45 lakh crore, with a refinery capacity of 9 million tonnes per annum.
- BPCL Chairman Sanjay Khanna told the Chief Minister that final environmental clearance is expected by the end of September and the investment cost will be firmed up in October.
- The state government has handed over 75% of the 6,000 acres needed for the refinery and will provide the remaining land by the second week of October.
- The Chief Minister has also suggested a 1,500-acre downstream petrochemical park near the refinery, a plan that could support rising demand for petrochemicals as India's petrochemical intensity index is expected to climb from around 5% to 15-20% over the next decade.
What to watch next
- Final environmental clearance for the project, expected by end of September.
- Firming up of the final investment cost in October after Engineers India Limited's study report.
- Handover of the remaining 25% of land by the second week of October and the start of construction thereafter.
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Named India · Ramayapatnam Port · Andhra Pradesh Industrial Infrastructure Corporation · Bharat Petroleum Corporation Limited · Engineers India Limited · N. Chandrababu Naidu · Sanjay Khanna
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