Ad Here  
March
April
May
June
July
August
 
 
HPCL plans Rs.61,000 crore capex over 5-years New India Assurance posts impressive show Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Tata Motors bets on new launches Tata Motors joins compact SUV bandwagon with Nexon Smooth sailing of SAIL Hyundai India achieves 7 mn production at Chennai factory Tata Motors aims to be among the Top 3 global CV & PV firm Dish TV – subscriber additions encouraging TVS Automobile invests Rs.75 crore in start-up firms Gamesa to set up a plant in Nellore Tata gets 4-star rating for Zest Daimler grows sales and share in India RoC in the dock... PPP model for infrastructure development ITC chairman calls for policy impetus to transform agriculture Nissan exit shouldn’t affect ALL IOB on turnaround path LVB posts 31 per cent growth in Q1 net profit Ode to Ratan Tata Consolidating leadership position in smartphones Kone India eyes further growth in elevator market Daimler’s truck exports from Chennai cross 5000 units TVS Srichakra plans capacity expansion TN government keen on revival of operations at Nokia complex Record two-wheeler sales Rane targets Rs.5500 crore topline by 2018-19 Titan Company – sales recovery to kick in CAPITAL NOTES 29 per cent jump in TCS revenues Hindalco – re-rating E.I.D Parry (India) Ltd: another sweet year A welcome initiative-even critics are recognised Right to privacy – now it’s fundamental! Preparing for the next growth curve Vellayan is back, after 150 days Maruti – for young buyers AL wins Deming prize again Chinese smart phones flourish in small towns too! Shriram Life clocks more than Rs.1000 crore premium in 2015-16 Singur minus Nano – victory or folly? Hyundai to focus on SUVs and AMT variants M & M unveils driverless technology for tractors Mercedes-Benz sales continue to zoom It takes two to tango Are they really independent? L&T bags the Mumbai Trans-harbour link order Aurobindo Pharmacy: good turnaround AL secures orders for 3600 buses Welcome focus to improve rural India... AL introduces Guru & Partner Is this a generation gap? Last stages Housing demand revival A niche in FMCG business... L&T profit up by 11 per cent Carnival Films acquiring 3000 screens pan India Michelin to double Chennai capacity Back in growth mode Bajaj Finserv – Q1: fare well Forging industry worried over lower supply of steel and its price Sivasankaran enters taxi space to take on Uber and Ola Emami – a new growth mantra L & T set bigger ambitions in defence business Smartphone onslaught by Chinese brands Sundram Fasteners rejigs international ITC – steep excise hike Toyota and Suzuki to introduce EVs in India by 2020 Tata Motors charts investments in PV and CV businesses The gainers and the losers Tata Steel, ThyssenKrupp sign MoU to merge European units When small is not so beautiful… Wabco launches safety system The unexpected exit L & T’s floating dock for navy TI Cycles plans retail expansion to drive sales for premium bicycles Solar installations exceed 2015 capacity in five months Yamaha unveils scooter boutique Land wars PSU non-life firms seek to protect share Increasing market share Eyes strong growth in 2016-17 V-Guard launches app-enabled water heater system From the toughest to the best year He excels in the nuts and bolts of entrepreneurship
 
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 :
RELATED NEWS
ABOUT IE
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
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com