HPCL plans to revive 50,000 cr refinery cum petrochemical project at Vizag: approaches global energy companies

30-May-13

State-owned Hindustan Petroleum Corp Ltd (HPCL) has approached global energy giants like Total SA of France and BP plc for reviving the stalled Rs 50,000 crore, 15 mln tpa refinery and mega petrochem plant at Vizag in Andhra Pradesh. Chairman and Managing Director S Roy Choudhury said, "(Gas firm) GAIL India has expressed interest in taking stake in the petrochemical plant while for the refinery we have written to 13-14 global majors for participation.