India’s energy sector witnessed a significant development as three key players announced new collaborations aimed at expanding refining and pipeline infrastructure. These agreements are part of broader efforts to strengthen India’s refining capacity and enhance the country’s energy distribution network.
A major partnership has been formed for the development of a greenfield refinery and petrochemical complex in Andhra Pradesh. The proposed facility, located near Ramayapatnam Port in Nellore district, is designed to have a refining capacity of 9–12 million metric tonnes per annum (MMTPA) and an ethylene cracker unit of 1.5 MMTPA.
The total estimated investment for this project stands at ₹1 lakh crore, with commercial operations expected to commence by FY 2030. The agreement outlines plans to explore collaboration opportunities, including potential equity participation by one of the firms involved.
The project has already received key clearances, and about 6,000 acres of land have been allocated by the Government of Andhra Pradesh. Pre-project groundwork has begun, setting the stage for construction and future operations.
In a separate development, the three companies have entered into a tripartite agreement to facilitate the evacuation of petroleum products following the expansion of a major refinery from 3 MMTPA to 9 MMTPA. The collaboration includes developing a cross-country pipeline stretching from Siliguri to Mughalsarai via Muzaffarpur.
This pipeline project, estimated to cost ₹3,500 crore, aims to enhance fuel distribution efficiency and support future production capacity. The project will be jointly owned, with one company holding a 50% stake and the remaining two sharing 25% each. Additionally, the plan includes the development of new depot infrastructure to streamline logistics and storage capabilities.
As of 4:01 PM on October 28, Oil India share price stood at ₹413, marking a decline of 2.27%. The company’s market capitalisation was ₹67,140 crore, with a price-to-earnings (P/E) ratio of 10.2. The stock has traded between a 52-week high of ₹536 and a low of ₹322, while maintaining a book value of ₹306 per share.
On the time, BPCL Share Price was ₹341, down by 0.69%. The company had a market capitalisation of ₹1,47,791 crore and a P/E ratio of 8.42. BPCL’s 52-week trading range was between ₹359 and ₹234. The stock’s book value stood at ₹188, with a dividend yield of 2.94%. The company reported a ROCE of 16.2% and an ROE of 17.3%.
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The new refinery and pipeline projects mark a key step towards enhancing India’s refining and distribution infrastructure. With substantial investments and a clear focus on operational expansion, these partnerships represent steady progress toward a more efficient and self-reliant energy future.
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Published on: Oct 28, 2025, 5:24 PM IST
Suraj Uday Singh
Suraj Uday Singh is a skilled financial content writer with 3+ years of experience. At Angel One, he excels in simplifying financial concepts. Previously, he cultivated his expertise at a leading mortgage lending firm and a prominent e-commerce platform, mastering consumer-focused and engaging content strategies.
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