BPCL eyes 50 mt refining capacity, says CMD G. Krishnakumar
Subscribe to enjoy similar stories. NEW DELHI : Bharat Petroleum Corp. Ltd (BPCL) will have a refining capacity of around 50 million tonnes (mt) after commissioning the proposed greenfield refinery-cum-petrochemical complex in Andhra Pradesh, said the chairman and managing director of G.
Krishnakumar. The proposed refinery is expected to have an annual refining capacity of nine million tonnes. Krishnakumar added that India's third-largest refiner is already working on the expansion of its existing refineries at Madhya Pradesh's Bina and Kerala's Kochi.
India's current refining capacity is 250 mt per annum, of which BPCL accounts for 35 mt. Earlier in January, the Andhra Pradesh state cabinet approved the proposal for setting up a petroleum refinery project by BPCL at Ramayapatnam in Nellore district. "Overall, we may get about 50 million metric tonne capacity when we finish the Andhra Pradesh project, roughly (in the range of) 50-52 mt.
From 35 mt, it will go up to 50-52 mt," the CMD said. The company expects to complete the final investment decision (FID) by the end of 2025 after the pre-project activities, including feasibility study, environmental impact assessment, and land acquisition. The board of directors of the company in December approved the commencement of pre-project activities that would incur an estimated cost of ₹6,100 crore.
Although the company has yet to decide on the investment amount, it is estimated that it would be India's costliest refinery project, with an estimated cost of ₹95,000-97,000 crore. Speaking to reporters after the state cabinet's approval, K. Parthasarathy, Andhra Pradesh's information and public relations minister, said the refinery would be set up with an investment of ₹96,862
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