HPCL to set up petrochem plants in Rajasthan and Andhra Pradesh as part of Rs 61,000 cr expansion

18-Jul-17

State-owned refiner HPCL is building a new 9 mln tpa refinery-cum-petrochemical complex at Pachpadra in Rajasthan and a petrochemical complex at Kakinada in Andhra Pradesh as part of a Rs 61,000-crore expansion. HPCL will also invest part of the amount over the next four years for expanding and upgrading its existing refining capacity to meet higher quality fuel norms, the company said in an investor presentation. HPCL is upgrading both its Mumbai and Visag refineries to produce fuel meeting Euro-VI emission norms.

Of the Rs 61,000 crore to be invested till 2021, Rs 23,400 crore will be in refining, Rs 23,600 crore in marketing infrastructure and another Rs 13,000 crore in joint venture projects. The joint venture projects include the west coast refinery, petrochemical complex at Kakinada, a 5 million tonnes LNG import terminal at Chhara in Gujarat and a fuel farm facilities at Mumbai airport.