HPCL is planning to add up to 5 million tonnes (mt) of petrochemical production capacity over the next five years. The company will invest a significant portion of its planned Rs 61,000 crore capital expenditure for that period.
The company’s proposed refinery in Barmer, Rajasthan, will be the first integrated refinery in the country, with both oil refining and a 2 mt petchem production capacity built into the design.
Besides this, the state-owned oil refiner is in talks with the Andhra Pradesh government to set up a 1.3 mt petchem plant in Kakinada along with GAIL. Additionally, the licensor has been selected for the company’s existing refinery in Bhatinda, Punjab, to set up petchem capacity of 1.3 mt in the next couple of years.
HPCL is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.
