Petroleum has played an important role in the social, economic, and political history of India and the world. Indians are amongst the lowest per capita consumers of petroleum in the world. Sheer population power would add to the demand irrespective of how fast the GDP grows. Domestic Crude Oil supplies are not able to keep pace with the growing demand for petroleum in the Indian market and India is turning elsewhere to fulfill its high demand for petroleum. Demand for Petroleum Products is growing at a high rate given the rapid growth experienced by the different sectors of economy. With such phenomenal growth in this sector, there is ample scope and opportunity for new entrants into the market.

Nagarjuna is entering into the Petroleum sector by setting up a Petroleum Refinery on the East Coast, in the state of  Tamilnadu.