The feasibility study to establish the refinery was approved by the Ministry of Mining and Heavy Industry on 15 November 2018.

In October 2020, the engineering, procurement, and construction contract was signed with JMC Projects India.

EPC 4 will consist of various units, plant buildings, satellite rack rooms and substation.

[3] Once completed, the refinery will have an annual petroleum processing capacity of 1.5 million tons.

The funds will be provided by the Exim Bank of India under loan agreement with a total repayment period of 20 years and 1.75% annual interest rate.