Hindustan Petroleum Corporation (HPCL) has received its board's approval for implementation of Mumbai refinery capacity expansion from 7.5 MMTPA to 9.5 MMTPA - Phase I (Capacity Expansion) with a scheduled completion of 36 months from the date of Environmental Clearance, at an estimated total cost of about Rs 4200 crore.
HPCL is a Government of India Enterprise with a Navratna Status, and a Forbes 2000 and Global Fortune 500 company. It had originally been incorporated as a company under the Indian Companies Act 1913. HPCL owns & operates 2 major refineries producing a wide variety of petroleum fuels & specialties, one in Mumbai of 6.5 MMTPA capacity and the other in Visakhapatnam, with a capacity of 8.3 MMTPA.
