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HPCL gets environment clearance to set up Rs 136 crore LPG plant in Bihar

06 Apr 2018 Evaluate

Hindustan Petroleum Corporation (HPCL) has received the environment clearance for setting up of a new LPG plant with bottling and storage facilities in East Champaran, in the state of Bihar that will entail an investment of Rs 136.4 crore.

The company will construct mounded storage vessels with a capacity of 1,050 tonnes and bottling capacity of 120 tonnes per annum in an area of 30 acres.

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.

Peers
Company Name CMP
Reliance Industries 1223.30
Indian Oil Corpn. 128.55
Bharat PetroleumCorp 293.55
HPCL 348.40
MRPL 174.85
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