West Coast Refinery Project

The state-run oil marketing company will invest around Rs 50,000 crore in the project and is currently assessing locations in three states - Andhra Pradesh, Uttar Pradesh, and Gujarat

With BJP in power in Maharashtra, Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Thursday expressed hope of reviving the stalled West Coast Refinery project, which if implemented, will be the largest in the world. The over Rs 3 lakh crore-project, also known as the West Coast Refinery project, was approved when the BJP-Shiv Sena government headed by Devendra Fadnavis was in power in the state. At that time, the government had also acquired some portion of the 15,000 acres of land needed for the 60-million-tonne per annum project. However, with the change of guard in the state after the 2019 polls and an alliance of the Shiv Sena-Nationalist Congress Party-Congress coming to power under Uddhav Thackeray, the project was shelved. Addressing an industry event on the energy technologies here, the minister said that though no concrete proposal has come to him yet from the state or from investors, he expects the project to get revived with the new political climate in the

Renewed interest in adding refinery capacity in India owes to the long-term decline of the business in Europe; and in the short-run, the Ukraine war has been a key driver

BPCL's impending privatisation and RIL's stake sale to Saudi Aramco raise questions about the future of the West Coast Refinery, once touted as the world's largest

The Prime Minister reiterated his government's commitment to make India a $5 trillion economy by 2024

Saudi Arabia is the second largest supplier of crude and liquefied petroleum gas (LPG) to India