Hindustan Petroleum Corporation (HPCL) is planning to invest around Rs 75,000 crore towards CAPEX over the next five years, of which around Rs 8,425 crore will be invested this financial year.
The company will spent more on capacity expansion both in greenfield and brownfield projects. The majority of the CAPEX will go for over Rs 43,000 crore for new refinery in Rajasthan and the over Rs 22,000 crore expansion in Vizag facility.
In the current year, around Rs 3,000 crore will go into brownfield expansions and over Rs 1,000 crore into procuring LPG cylinders and an equal amount into marketing and other business development activities.
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.
