Hindustan Petroleum Corporation (HPCL) has received an approval for capacity expansion of Visakh Refinery from 8.33 million metric tonnes per annum (MMTPA) to 15 MMTPA with residue up-gradation facility meeting BS VI Fuel Specification Compliance under Visakh Refinery Modernization Project (VRMP).
The project involves an investment of Rs 20,928 crore and is expected to be mechanically completed within 48 months from the date of approval. The board of directors at its meeting held on July 20, 2016 has approved for the same.
Hindustan Petroleum Corporation is a producer of motor spirit, high speed diesel and liquefied petroleum gas (LPG). The Company has two business segments: Downstream, which is engaged in refining, marketing and transportation of petroleum products, and Exploration and Production of Hydrocarbons.
