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Bharat Petroleum Corporation Limited (BPCL), in exchange filings, announced two major developments on Tuesday: Commencement of the pre-project activities for a greenfield refinery-cum-petrochemical complex on the East Coast in Andhra Pradesh worth Rs 6,100 crore and its win of NTPC’s reverse auction for 1,200 MW ISTS-connected solar PV projects across India.
BPCL’s board approved the commencement of pre-project activities for a greenfield refinery-cum-petrochemical complex on the East Coast in Andhra Pradesh.
The estimated cost of the project is Rs 6,100 crore.
In a separate announcement, BPCL disclosed its success in NTPC’s reverse auction for 1,200 MW ISTS-connected solar PV projects across India.
The company emerged as the lowest bidder for a capacity of 150 MW. The capital outlay of the project is Rs 756.45 crore over two years.
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