Centre Grants Rs 26,264 Crore For Visakha Refinery Modernisation Project Expansion

NEW DELHI: YSR Congress Party Rajya Sabha MP V Vijaysai Reddy thanked the Government of India for allocating Rs 26,264 crore for the Visakha Refinery Modernisation Project (VRMP) expansion plan. Taking to Twitter the YSRCP MP said,” Grateful to GOI for approving Rs. 26,264 Cr for the VRM project expansion plan. Encouraging that boosting the capacity of the refinery to 15 MMTPA will generate several employment opportunities in the state. Hoping for further assurances from the Centre for AP's development, he tweeted.

Grateful to GOI for approving Rs. 26,264 Cr for the VRM project expansion plan. Encouraging that boosting the capacity of the refinery to 15 MMTPA will generate several employment opportunities in the state. Hoping for further assurances from the Centre for AP's development.

— Vijayasai Reddy V (@VSReddy_MP) February 8, 2022

The HPCL's Visakha Refinery is by far a massive industrial project ever in Andhra Pradesh and as part of the VRMP expansion plan, 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 as per a reply given by Union Petroleum and Natural Gas Minister Rameswar Teli.

-The modernisation and expansion project is expected to have multiple benefits and impacts, including the supply of Bharat Stage-VI-compliant motor fuels.

-It would also enhance energy security with increased refining capacity and improved refinery complexity and conversion efficiency.

-The project would generate massive direct and indirect employment during the construction and post-construction phases, thereby leaving a positive impact on Indian industry in general and Andhra Pradesh in particular.

-The project will nurture and encourage local industry during the project building and post-project phases.

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