In order to expand its Mumbai and Visakhapatnam refineries as well as augmenting its marketing infrastructure, Hindustan Petroleum Corporation (HPCL) is reportedly planning to invest Rs 45,000 crore by 2020. Out of total amount, Rs 21,000 crore would be invested in refining capacity expansion, while Rs 9,000 crore would be spent in marketing infrastructure till 2020. A total of Rs 14,000 crore would go into joint venture refinery projects, natural gas business and upstream oil exploration.
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).
