BPCL clears decks for Rs 95k cr Ramayapatnam refinery in Andhra Pradesh

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BPCL clears decks for Rs 95k cr Ramayapatnam refinery in Andhra Pradesh - Business Standard

Quick Summary:

Earlier, the state-run corporation reported revenue of Rs 1.18 trillion and a consolidated net profit of Rs 2,297.2 crore.

The company said in a statement that it will be investing around Rs 6,100 crore in pre-project activities for the refinery.

The West Asian country had signed a memorandum of understanding (MoU) with India in 2019 to invest $100 billion in sectors such as agriculture, infrastructure, manufacturing, and energy.