Andhra govt allots 6,000 acres to Bharat Petroleum for ₹1 lakh cr-refinery, gives back 75% capex as sops

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Andhra Pradesh has allocated 6,000 acres near Ramayyapatnam Port for BPCL's massive Rs 1 lakh crore refinery and petrochemical complex. The state offers significant financial incentives, including a 75% capital expenditure subsidy over 20 years. BPCL plans substantial investments over the next few years, aiming for commercial operations by January 2029.