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).
| 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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