State-run Bharat Petroleum Corporation (BPCL) said on Tuesday that its board has approved the proposal for setting up a greenfield refinery-cum-petrochemical complex in Andhra Pradesh with an investment of ₹6,100 crore.

“The board at its meeting held on Tuesday has accorded its approval to commence pre-project activities for setting up of a greenfield refinery-cum-petrochemical complex in East Coast, Andhra Pradesh, at an estimated cost of ₹6,100 crore,” BPCL said in a filing on the BSE.

The pre-project activities consists of various initial studies, land identification and acquisition, preparation of detailed feasibility report, environment impact assessment, basic design engineering package, front-end engineering design, etc, it added.

Sources said that with this step, the Centre has set rolling one of the demands made by Andhra Pradesh Chief Minister N Chandrababu Naidu, a key ally of the BJP-led National Democratic Alliance (NDA).

NTPC tender

The CPSU also said that it had participated in State-run NTPC’s tender for the selection of solar power generators to establish 1,200-MW ISTS-connected solar PV power projects across India.

“During the reverse auction, BPCL emerged as the lowest bidder for a capacity of 150 MW. Upon finalisation of the contract, the project will be developed over a two-year timeline at an estimated capital outlay of ₹756.45 crore and is projected to generate annual revenue of around ₹100 crore by producing around 400 million units of clean energy,” it added.