India's Bharat Petroleum Corp plans to invest $11 billion in southern Andhra Pradesh state for a new refinery and petrochemical project to meet rising fuel demand in the world's fastest-growing major economy,

Indian oil and gas firm Bharat Petroleum Corporation (BPCL) has chosen Andhra Pradesh as the location for a new oil refinery-cum-petrochemical complex, which may be India's final greenfield project as the country progresses towards net-zero emissions.

BPCL said its board accorded its approval to commence pre project activities for setting up of a greenfield refinery cum petrochemical complex in east coast at Andhra Pradesh at an estimated cost of ₹6,

The centrally-owned BPCL will invest Rs 95000 crore to build an integrated refinery and petrochemical complex at Ramayapatnam port in Nellore, boostin