Public sector Hindustan Petroleum (HPCL) aims to raise its capacity to process about five lakh barrels per day (bpd) of crude by investing around 250 billion rupees ($3.76 billion), says a report quoting its refineries head B. K. Namdeo.
The company aims to boost the capacity of its Mumbai refinery to 190,000 bpd by July 2019 from 130,000 bpd, while the Vizag refinery in India's south will be ramped up to 300,000 bpd from 166,000 bpd by July 2020.
At the same time, HPCL has also planned to revamp its gasoline and diesel production units to meet rules on producing cleaner fuels from 2020.
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HPCL to raise capacity, invest $3.8 billion
By IndianMandarins - 2016-04-20 10:36:22
Public sector Hindustan Petroleum (HPCL) aims to raise its capacity to process about five lakh barrels per day (bpd) of crude by investing around 250 billion rupees ($3.76 billion), says a report quoting its refineries head B. K. Namdeo.
The company aims to boost the capacity of its Mumbai refinery to 190,000 bpd by July 2019 from 130,000 bpd, while the Vizag refinery in India's south will be ramped up to 300,000 bpd from 166,000 bpd by July 2020.
At the same time, HPCL has also planned to revamp its gasoline and diesel production units to meet rules on producing cleaner fuels from 2020.
