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HPCL shuts refinery unit at its 130,000 bpd refinery in Mumbai

12 Sep 2016 Evaluate

HPCL, one of the leading petroleum products retailers in the country, has shut a unit at its 130,000 barrels per day (bpd) refinery in Mumbai due to a technical glitch, and has since been importing gasoline. The refinery's reformer unit was shut on September 1 due to a technical emergency and would resume operations by September 13 or September 14, 2016.  Meanwhile, the company is planning to boost the capacity of this refinery to 190,000 bpd by July 2019, while its second refinery in south India's Vizag will ramp up to 300,000 bpd from 166,000 bpd by July 2020.

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.

Peers
Company Name CMP
Reliance Industries 1208.00
Indian Oil Corpn. 133.80
Bharat PetroleumCorp 303.40
HPCL 345.15
MRPL 171.40
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