The BPCL, which already has three refineries in Mumbai, Kochi and Bina in Madhya Pradesh has chosen Andhra Pradesh as its investment destination for its fourth venture. BPCL would be investing around one lakh crore in Andhra Pradesh.
This makes all the difference to the state in terms of employment and also investments.
The BPCL Governing Board gave consent for taking up the preliminary works with Rs 6,100 crore and the same was conveyed to the National Stock Exchange.
This investment can provide the impetus for employment generation on a large-scale.
During the YCP’s rule, major investors like Lulu Group and other tech companies also withdrew their decisions to open shop in the state.
But, with the public giving a decisive mandate to the TDP coalition government, winds of change are sweeping the state and industry giants like Arcelor Steel, Nippon Steel, Reliance, Lulu Group, TCS and Tata had already expressed readiness to invest in various areas in Andhra Pradesh.
