HPCL and partners to decide on project structure and funding of Vizag refinery-cum-petrochemical plant

Hindustan Petroleum Corporation and its partners Lakshmi N Mittal, Total, GAIL and Oil India Ltd. - plan to arrive at a decision by November on the project structure and funding of the proposed 14-15 mln tpa refinery-cum-petrochemical plant at Vizag in Andhra Pradesh. A pre-feasibility study is currently underway by the five-way alliance, that expects to freeze cost of the refinery and then decide on the equity structure of the project. The report is to include a study of the demand for petrochemicals and their markets to decide if a naphtha-based petrochemical unit should be constructed along with the refinery. The pre-feasibility report that is looking at demand in India and Asia and project economies, will be ready by end of Q3-2008 after which the steering committee of the five partners will meet to decide if the project is to be taken up
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha