Bharat Petroleum Corporation Ltd (BPCL) is actively scouting for partners for its upcoming South Indian refinery project. Oil India Ltd is considering acquiring a 10–20% stake, signaling strong upstream-downstream collaboration. The refinery is expected to boost regional energy infrastructure and reduce import dependency.
BPCL is accelerating its plans for a greenfield refinery in southern India, with its Chairman confirming active discussions to onboard strategic partners. Among the potential collaborators is Oil India Ltd, which is reportedly evaluating a 10–20% equity stake in the project. This move aligns with India’s broader energy security goals and the push for integrated infrastructure.
The proposed refinery, expected to have a capacity of 9–15 million metric tonnes per annum (MMTPA), will cater to rising fuel demand across southern states and support petrochemical diversification. BPCL is also engaging with global and domestic players to share investment, technology, and operational expertise.
Major Takeaways:
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Project Scope: Planned greenfield refinery in southern India with 9–15 MMTPA capacity
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Stake Interest: Oil India Ltd may acquire 10–20% stake in the project
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Strategic Goal: Enhance domestic refining capacity and reduce import reliance
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Partner Search: BPCL in talks with multiple entities for equity and technical collaboration
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Sector Impact: Strengthens upstream-downstream integration and regional fuel supply resilience
This development marks a pivotal step in BPCL’s infrastructure expansion and reflects the growing importance of collaborative models in India’s energy sector.
Sources: Reuters India, Business Standard, The Hindu BusinessLine