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.

India's Bharat Petroleum Corp plans to expand its refining capacity to 45 million tons per year (tpy) by 2028 from the current 35.3 million tpy, its head of refining, Sanjay Khanna, said on Tuesday at an industry event.

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,