In a major stride toward India’s energy self-reliance, Oil India Limited (OIL) has signed two landmark Memoranda of Understanding (MoUs) with Bharat Petroleum Corporation Limited (BPCL) and Numaligarh Refinery Limited (NRL) at the 28th Energy Technology Meet 2025 held in Hyderabad.
The agreements mark a new phase in OIL’s integrated growth strategy, expanding its presence across refining, petrochemicals, and logistics infrastructure, and reinforcing its commitment to building a sustainable, self-reliant energy future for India.
₹1 Lakh Crore Greenfield Refinery & Petrochemical Complex in Andhra Pradesh
OIL and BPCL have entered into a non-binding MoU to collaborate on the development of BPCL’s upcoming Integrated Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port, Nellore district, Andhra Pradesh.
The proposed complex — South India’s first large-scale integrated refinery — will have a refining capacity of 9–12 million metric tonnes per annum (MMTPA) and an ethylene cracker unit of 1.5 MMTPA. The project represents a massive investment of approximately ₹1 lakh crore (US$11 billion) and is expected to commence commercial operations by FY 2030.
Under the agreement, OIL may explore taking a minority equity stake in the joint venture. The project has already received key statutory approvals and 6,000 acres of land from the Government of Andhra Pradesh, with pre-project work underway.
Dr. Ranjit Rath, CMD, OIL and Chairman, NRL, said:
“By partnering with BPCL, OIL and NRL aim to leverage their collective strengths to enhance value creation, energy security, and downstream diversification. This collaboration also aligns with our mission to drive sustainable, integrated energy ventures for India’s growth.”
Mr. Sanjay Khanna, Director (Refineries) & C&MD (Additional Charge), BPCL, added:
“This partnership is a milestone in developing world-class refining and petrochemical infrastructure in southern India. The Ramayapatnam complex will reinforce India’s self-reliance in fuels and petrochemicals under the Atmanirbhar Bharat vision.”
₹3,500 Crore Product Pipeline for Refinery Expansion
In another significant development, OIL, BPCL, and NRL signed a tripartite MoU to jointly develop a cross-country petroleum product pipeline following NRL’s refinery expansion from 3 MMTPA to 9 MMTPA.
The proposed Siliguri–Muzaffarpur–Mughalsarai pipeline will improve product evacuation and supply chain efficiency across eastern and northern India. The project, estimated at ₹3,500 crore, will be jointly owned by BPCL (50%), OIL (25%), and NRL (25%).
The partnership will also include augmentation of depot infrastructure to support the expanded capacity and ensure seamless distribution.
Driving India’s Energy Transition
These strategic alliances underline OIL’s efforts to diversify across the energy value chain—from exploration and production to refining, petrochemicals, and logistics—while promoting cleaner, integrated, and efficient energy systems.
The collaborations also highlight the industry’s shared goal of achieving Atmanirbhar Bharat, supporting the Government of India’s mission for energy security, self-reliance, and sustainable development.
“Together, these initiatives mark a bold step toward building a resilient, future-ready energy ecosystem for India,” said Dr. Ranjit Rath, CMD, OIL.
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