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Hindustan Petroleum Corporation (HPCL) is looking out for partners for its proposed Rs 45,000 crore petrochemical complex at Visakhapatnam in Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR). The company is currently holding talks with French petroleum giant Total SA which is among the overseas companies for partnership with them.
The company is also in dialogue with potential partners, including some PSUs and is basically looking out for partners who will be able to supply 50 to 60 percent of feed stock for the project. In addition to the 1,500 acres sanctioned earlier for the complex, the company has requested the Andhra Pradesh Government to allot 1,000 acres of land.
As part of the project, HPCL is mulling to set up a 350 mw captive power plant. The Government-owned oil giant, as an anchor partner, is setting up a 15 mmtpa petrochemical complex with an estimated investment of Rs 45,000 crore at Visakhapatnam where the company has a refinery with 8.5 mmtpa capacity. The proposed complex, among other units, will have aromatics and olefin plants to produce value-added products.
Besides, Hindustan Petroleum Corporation (HPCL) will import 12.5 million tonnes of crude oil in 2011-12 which will include one million tonnes from the spot market and 11.5 million tonnes will be through term deals. Of the company's total FY12 imports about 3.5 milion tonnes will come via a term deal with Iran and indigenous supplies will be 4 million tones. In the southern state of Andhra Pradesh the refinery runs a 130,000 barrels-per-day (bpd) refinery in Mumbai and a 166,000 bpd plant at Vizag.
| Company Name | CMP |
|---|---|
| Reliance Industries | 3021.65 |
| Indian Oil Corp. | 175.40 |
| BPCL | 666.35 |
| HPCL | 582.40 |
| MRPL | 212.30 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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