Bharat Petroleum Corporation (BPCL) is set to complete the detailed feasibility report (DFR) for its proposed greenfield refinery and petrochemical complex in Nellore, Andhra Pradesh, by December 2025.

The DFR will define the project’s configuration, total cost, and refining capacity, enabling BPCL to initiate commercial negotiations with potential foreign partners. Discussions are already underway with global investors, including Saudi Arabia, which previously pledged USD 100 billion for investments in India’s energy and infrastructure sectors. Other interested countries include Russia and the US.

The refinery is part of India’s broader strategy to expand its refining capacity to 450 million tonne per annum (MTPA) by 2030, from the current 250 MTPA to meet growing domestic fuel demand and establish the country as a global refining hub. BPCL is currently acquiring land for the project.