London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

Hindustan Petroleum Corporation to set up a USD 10 bln refinery-cum-petrochemical project

May 30/2011

(Plastemart) -- Hindustan Petroleum Corporation (HPCL) in talks with various entities in a bid to revive plans to set up a USD 10 bln refinery-cum-petrochemical project in Vizag. This project had been put on hold by a HPCL-led consortium in 2007. The company is presently in talks with Oil India Limited (OIL) and GAIL (India) and is also open to taking in a foreign partner to implement the project. The company plans to invest Rs.45.000 crore, mostly in refinery capacity additions, in six years beginning 2011-12.


HPCL's Vizag refinery capacity is being expanded while a new unit is being planned in Maharashtra. The company's 9 mln tons Bhatinda refinery in Punjab will be mechanically completed in August/September and will be fully commissioned by year-end.


mrcplast.com

Tags:No
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe