Ad Here  
TN government keen on revival of operations at Nokia complex Mercedes-Benz sales continue to zoom Last stages RoC in the dock... HPCL plans Rs.61,000 crore capex over 5-years V-Guard launches app-enabled water heater system 29 per cent jump in TCS revenues Dish TV – subscriber additions encouraging Nissan exit shouldn’t affect ALL AL secures orders for 3600 buses The gainers and the losers PPP model for infrastructure development LVB posts 31 per cent growth in Q1 net profit Yamaha unveils scooter boutique Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Tata Steel, ThyssenKrupp sign MoU to merge European units AL wins Deming prize again TVS Srichakra plans capacity expansion Singur minus Nano – victory or folly? L&T bags the Mumbai Trans-harbour link order L & T’s floating dock for navy New India Assurance posts impressive show Gamesa to set up a plant in Nellore It takes two to tango ITC chairman calls for policy impetus to transform agriculture Consolidating leadership position in smartphones Tata Motors charts investments in PV and CV businesses Tata Motors aims to be among the Top 3 global CV & PV firm L&T profit up by 11 per cent Emami – a new growth mantra Eyes strong growth in 2016-17 He excels in the nuts and bolts of entrepreneurship Record two-wheeler sales Daimler’s truck exports from Chennai cross 5000 units Kone India eyes further growth in elevator market L & T set bigger ambitions in defence business Preparing for the next growth curve Michelin to double Chennai capacity Maruti – for young buyers Toyota and Suzuki to introduce EVs in India by 2020 Vellayan is back, after 150 days ITC – steep excise hike AL introduces Guru & Partner Bajaj Finserv – Q1: fare well Hyundai to focus on SUVs and AMT variants From the toughest to the best year Increasing market share Smooth sailing of SAIL Land wars Carnival Films acquiring 3000 screens pan India Tata Motors joins compact SUV bandwagon with Nexon TI Cycles plans retail expansion to drive sales for premium bicycles Forging industry worried over lower supply of steel and its price Welcome focus to improve rural India... A niche in FMCG business... The unexpected exit Back in growth mode TVS Automobile invests Rs.75 crore in start-up firms Hyundai India achieves 7 mn production at Chennai factory E.I.D Parry (India) Ltd: another sweet year Shriram Life clocks more than Rs.1000 crore premium in 2015-16 A welcome initiative-even critics are recognised When small is not so beautiful… IOB on turnaround path Are they really independent? Wabco launches safety system Sivasankaran enters taxi space to take on Uber and Ola Rane targets Rs.5500 crore topline by 2018-19 Is this a generation gap? Chinese smart phones flourish in small towns too! Right to privacy – now it’s fundamental! Aurobindo Pharmacy: good turnaround Sundram Fasteners rejigs international Solar installations exceed 2015 capacity in five months Tata gets 4-star rating for Zest M & M unveils driverless technology for tractors PSU non-life firms seek to protect share Smartphone onslaught by Chinese brands CAPITAL NOTES Ode to Ratan Tata Hindalco – re-rating Titan Company – sales recovery to kick in Daimler grows sales and share in India Housing demand revival Tata Motors bets on new launches
HPCL plans Rs.61,000 crore capex over 5-years

Hindustan Petroleum Corporation Ltd (HPLC) is planning a capex of Rs.61,000 crore over the next five years for future growth, Mukesh Kumar Surana, Chairman and Managing Director of HPCL, said at the company’s Annual general meeting.

To increase competitiveness, HPCL has undertaken investments for enhancing refining capacity. Vizag refinery modernization project (VRMP) has received environmental clearance for increasing the refining capacity from 8.33 MMTPA to 15 MMTPA at cost of Rs.20,928 crore. It includes bottom upgradation facilities and will make refinery capable of producing BS VI compliant motor fuels. It will improve the complexity of the refinery and add to the overall GRM, he said.

Under Mumbai Refinery expansion project (MREP) refinery capacity is being enhanced from 7.5 MMTPA to 9.5 MMTPA with capabilities to produce BS VI fuels at the cost of Rs.4199 crore. Project activities for both the projects are on track.

HPCL has recently signed a revised memorandum of understanding and joint venture agreement with Government of Rajasthan for setting up of a 9 MMTPA refinery-cum petrochemical complex at Barmer at a cost of Rs.43,129 crore. 

In this Joint venture, HPCL will hold 74 per cent stake while Government of Rajasthan will have a 26 per cent stake. 

“This will be the first integrated grass root refinery-cum-petrochemical complex being set up in the country  catering to BS VI fuel specifications right from inception,” said Surana. 

Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236