BPCL’s greenfield project in Nellore is nearing its deadline

All eyes are on Bharat Petroleum Corporation Limited’s (BPCL) proposed greenfield refinery and petrochemical complex near Ramayapatnam Port in SPSR Nellore district as the July deadline looms.

The national project, estimated to cost ₹1,00,000 crore, is expected to process 9-12 million metric tonnes of petrochemical products annually.

Land acquisition is nearing completion as 4,500 acres of the required 6,000 acres have already been acquired and the rest will be mobilized in a month. In addition, an additional 3,000 acres will need to be acquired in the vicinity for the development of ancillary units.

“The state has agreed to meet 75% of the capital expenditure over an operational period of 20 years. This includes a 43.5% direct capital subsidy spread over 15 installments, besides a full GST refund,” said Vemireddy MP Prabhakar Reddy, who was instrumental in bringing the project to Nellore district.

“The project will generate 3,400 jobs in its peak phase, apart from 3,750 direct jobs once the project is operational,” said District Collector Himanshu Shukla.

Apart from the huge potential for job creation, the project is also expected to bring a lot to the state coffers. The facility is expected to generate approximately ₹ 87,558 crore in the first fifteen years of commercial operation.

It may be recalled here that BPCL has already signed a Memorandum of Understanding (MoU) with Oil India Limited (OIL) to work in tandem at this proposed Ramayapatnam site.

The state government hopes that Prime Minister Narendra Modi will lay the foundation stone for this prestigious project.

Published – 05 Jun 2026 19:44 IST