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HPCL to acquire 8% stake in Petronet’s Gangaravam LNG terminal

11 Nov 2014 Evaluate

Hindustan Petroleum Corporation (HPCL) is likely to acquire 8% stake in Petronet LNG’s Rs 5,000 crore liquefied natural gas (LNG) terminal at Gangavaram in Andhra Pradesh.

The Viskhapatnam refinery of HPCL, which is only a few kilometers away from Gangaravam port, is being expanded to 15 million tonnes per annum from current 8.33 million tonnes and the expanded unit will have a gas requirement of close to 2.5-3 million standard cubic meters per day.

HPCL operates two major refineries producing a wide variety of petroleum fuels and specialties, one in Mumbai (west coast) of 6.5 million metric tonnes per annum (MMTPA) capacity and the other in Vishakapatnam (east coast).

HPCL Share Price

373.65 -0.20 (-0.05%)
05-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1464.15
Indian Oil Corp. 142.15
BPCL 298.85
HPCL 373.65
MRPL 155.85
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