BPCL Inks MoUs with IOC, NRL and FACT to Boost Cooperation

• BPCL & OIL to develop a ₹1 lakh crore refinery and petrochemical complex at Ramayapatnam, Andhra Pradesh
• BPCL, OIL, & NRL to build a ₹3,500 crore, 700-km product pipeline from Siliguri to Mughalsarai
• BPCL & FACT to partner on organic fertiliser production from BPCL’s upcoming biogas plant in Kerala

Bharat Petroleum Corporation Limited (BPCL) signed three major Memoranda of Understanding (MoUs) with Oil India Limited (OIL), Numaligarh Refinery Limited (NRL), and Fertilisers and Chemicals Travancore (FACT), at the 28th Energy Technology Meet 2025 in Hyderabad, reinforcing BPCL's integrated growth strategy across refining, petrochemicals, and green energy.

BPCL & OIL signed a non-binding MoU to study avenues for collaboration for BPCL’s greenfield refinery and petrochemical complex next to Ramayapatnam Port in Nellore, Andhra Pradesh.

BPCL MoU marks a major step in its Indian Oil partnership, Numaligarh Refinery and FACT collaboration, strengthening BPCL energy projects and refinery partnership to advance oil and gas India initiatives.

Sanjay Khanna, Director - Refineries - with additional charge of Chairman & Managing Director, BPCL stated, "The Ramayapatnam complex will not only reshape BPCL’s portfolio but also reinforce India’s self-reliance in fuels and petrochemicals, in line with the vision of Atmanirbhar Bharat".

Ranjit Rath, Chairman & Managing Director, OIL and Chairman, Numaligarh Refinery said, "This collaboration reaffirms our commitment to pursue various strategic diversification initiatives to Midstream and Downstream. By partnering with BPCL, OIL and NRL look forward to leveraging our collective strengths to unlock value creation and contribute to the nation’s energy security and distribution infrastructure".

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This ₹1 lakh crore investment will have a capacity of 9-12 million metric tonnes per annum (MMTPA), and include a 1.5 MMTPA ethylene cracker unit with 35% petrochemicals intensity – the first of its kind in southern India.

"This collaboration also embodies OIL’s strategic intent to diversify into integrated energy ventures that support sustainable national growth", Ranjit added.

The site has 6,000 acres secured, as well as required clearances, and is targeted to be in commercial operation by FY30; OIL may seek a minority equity stake in the joint venture.

In a separate set of agreements, BPCL, OIL, and NRL executed a three-way Memorandum of Understanding (MoU) for the development of a 700-km petroleum product pipeline from Siliguri to Mughalsarai via Muzaffarpur at an estimated cost of ₹3,500 crore.

 The pipeline will aid with product evacuation as NRL's capacity increases to 9 MMTPA. The joint venture will transport petrol, diesel, and aviation turbine fuel and boost depot infrastructure for BPCL's Eastern and Central India operation.

BPCL has also established a partnership with FACT for the trade of the fermented organic manure and liquid fertiliser from a new waste-to-energy-based compressed biogas plant at Brahmapuram, Kerala. The plant will process 150 MT of municipal waste per day as part of BPCL's ongoing commitment to expanding its circular economy and green energy initiatives.