BLITZ BUREAU
NEW DELHI: Within days of Andhra Pradesh chief minister N Chandrababu Naidu meeting Prime Minister Narendra Modi, the Centre is setting up an oil refinery with an investment of Rs60,000 crore, as per an ET report
Naidu, a key ally in the National Democratic Alliance (NDA) government at the Centre, met top officials of Bharat Petroleum Corporation Limited (BPCL) to discuss the feasibility of setting up a refinery in the state.
According to people in the know, three locations were discussed for the refinery. These include Srikakulam, Machilipatnam and Ramayapatnam. The people said formal announcement of the refinery is likely to be made in the budget to be presented on July 23. The locations will be assessed and then finalised.
A source, who did not wish to be identified said, “The announcement is politically sensitive as all three locations are in different parts of the state – north, central and south.”
This is a big win for Naidu as he had pushed for setting up of a refinery during his meetings with the PM and petroleum minister HardeepPuri.
