HPCL plans to raise US$300 mln to fund expansion

In a bid to primarily fund expansion activities at existing and new refinery projects, Hindustan Petroleum Corporation (HPCL) plans to raise US$300 mln in the second half of the current fiscal. Bank of Tokyo-Mitsubishi UFJ, State Bank of India and SumitomoMitsui Banking have been appointed as advisors. HPCL is planning to build a new 9-15 mln tpa greenfield refinery project in Maharashtra for which it has identified 3,000 acres in the Lote-Parshuram industrial area and awaits state government clearances for land allocation. It is also in the process of reviving its US$10 bln refinery-cum-petrochemical project in Visakhapatnam and is in talks with various firms such as Mittal Energy to enter into a joint venture partnership.
  More News  Post Your Comment

Previous News

Next News

{{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