The Visakha Refinery of HPCL will be modernised and expanded at a cost of Rs 26,264 crore.
“This is by far the largest industrial project ever in Andhra Pradesh,” BJP MP G V L Narasimha Rao said in a statement.
Under the Visakha Refinery Modernisation Project (VRMP), the capacity of the refinery would be expanded from the present 8.3 to 15 Million Metric Tonne Per Annum.
“The VRMP is scheduled to be completed during the year 2022-23,” Narasimha Rao said, quoting a reply given by Union Petroleum and Natural Gas Minister Rameswar Teli.