In a bid to cater to increasing demand from Western India, Hindustan Petroleum Corporation Ltd (HPCL) has shortlisted the Lote Parshuram area in coastal Ratnagiri district, Maharashtra, for setting up a 9-15 mln tpa refinery. Feasibility studies are being carried out and land is being identified for the proposed facility. Environment clearance will be needed for the refinery which is expected to be ready in about 3-4 years. The company's Mumbai refinery is very old and its cost of modernization would be prohibitive and hence a greenfield refinery is being set up.
22-Sep-10 
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