Hindustan Petroleum Corporation (HPCL) is reportedly aiming over 60 million tonne per annum (mtpa) of refining capacity by 2030. The company is also investing a total capital expenditure (capex) of Rs 55,815 crore in the next five years. Of the planned capex, around Rs 25,700 crore is to be spent on expanding refining capacity.
Currently, the company is expanding capacity at its Mumbai refinery from 6.5 mtpa to 9.5 mtpa, for a project cost of Rs 4,200 crore. It is also expanding its Visakh refinery from 8.3 mtpa to 15 mtpa, for a project cost of Rs 20,800 crore.
HPCL is a Government of India Enterprise with a Navratna Status, and a Forbes 2000 and Global Fortune 500 company. It 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.
