In a recent regulatory filing under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Bharat Petroleum Corporation Limited (BPCL) disclosed that its board has approved the initiation of pre-project activities for establishing a new Refinery cum Petrochemical complex.
The site for this project is located on the East Coast of Andhra Pradesh and involves an estimated investment of ₹6,100 crore (~$7.115 billion).
Scheduled activities include various initial studies, land identification and acquisition, preparation of a Detailed Feasibility Report, an Environmental Impact Assessment, Basic Design Engineering package, and Front-End Engineering Design, BPCL said in the BSE filing.
Additionally, the trading window for dealing in BPCL securities was closed from December 21 to 26, 2024.
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