Hindustan Petroleum Corporation (HPCL) is all set to raise $200 million by August 2015. The state-run refiner will use the raised fund for its ongoing capital expenditure programme. The company would also be using the funds to finance its ongoing four pipeline projects.
The projects would be completed by the year-end. These pipelines -- Rewari-Kanpur product pipeline, Uran-Chakan-Shikrapur LPG pipeline, Mangaluru-Hassan-Mysuru LPG pipeline and Awa-Salawas pipeline -- are being built at the cost of Rs 2,356 crore.
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).
