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HPCL mulls infusing Rs 13k cr in Vizag refinery

25 Aug 2011 Evaluate

Hindustan Petroleum Corporation (HPCL) plans to invest about Rs 13,000 crore to double the capacity of its Vizag oil refinery in Andhra Pradesh to 15 million tonne a year in 3-4 years time. The company has commissioned a detailed feasibility report (DFR) for putting up a 9 million tonne a year unit at our Vizag refinery. Vizag refinery currently has a capacity to process 8.3 million tonne per annum of crude oil. But after the new Crude Distillation Unit (CDU) is commissioned, an old 1.8 million tonne a year capacity plant will be dismantled, leaving only 6.5 million tonnes of refining capacity at the existing unit. Together with 9 million tonnes of new plant, the refinery will have over 15 million tonnes of capacity. The company is in the process of getting environmental and land clearance for the project.crackcrack

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