BPCL’s RcPC is one of the multiple projects wherein Saudi Arabia is investing in India to the tune of about $100 billion.
| Photo Credit: Representational picture
The BPCL’s greenfield refinery-cum-petrochemical complex (RcPC) at Ramayapatnam in Nellore district is likely to have Aramco, the Saudi Arabia-based energy and chemicals behemoth, as a partner with 20% stake. Talks for it are under way between the governments of India and Saudi Arabia, which, according to highly-placed State government sources, are working out the terms and conditions of an agreement. It is poised to be ready by the year-end.
The RcPC will be close to the Ramayapatnam seaport, which is in advanced stages of construction, for the sake of synergy and is being taken up in pursuance of the fledgeling trade between India and Saudi Arabia. It is one of the multiple projects in which Saudi Arabia is investing in India to the tune of about $100 billion.
Through the Government of India, the BPCL is said to be negotiating with Aramco for a long-term crude oil supply agreement for the RcPC at Ramayapatnam. The BPCL RcPC is intended to meet India’s burgeoning energy demand, and the State government has agreed to provide 6,000 acres.
Being a massive project with a refining capacity of nine Million Metric Tons Per Annum (MMTPA) and entailing a capital expenditure of nearly ₹1 lakh crore, the RcPC is expected to take at least four years for commissioning once the requisite approvals are given.
The BPCL had sanctioned ₹6,100 crore for pre-project activities, which include various initial studies, identification of land and its acquisition, preparation of detailed feasibility report, environmental impact assessment, basic design engineering package and front-end engineering design.
The State government had offered three sites for the project, namely Machilipatnam, Ramayapatnam and Mulapeta in Srikakulam district and the BPCL zeroed in on Ramayapatnam due to its relatively superior logistics and multimodal connectivity. Depending on the market dynamics, the oil PSU may expand the capacity of the Ramayapatnam RcPC to 12 MMTPA.
Published – August 09, 2025 07:24 pm IST
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We 5guruayurveda.com want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Website Upgradation is going on. For any glitch kindly connect at 5guruayurveda.com
