HPCL will finalise 10 licensors, which the company needs for the upcoming Rs 43,130 crore project Barmer refinery in Rajasthan. Prime Minister Narendra Modi had laid the foundation stone for the 9 million tonne or 180,000 bpd greenfield refinery at Pachpadra village in Barmer district of Rajasthan being set up in a 75:25 joint venture with the state administration. It is slated to be completed by end-2020.
Currently, the company is expanding the capacity at its flagship Mumbai refinery from 6.5 mt to 9.5 mtpa at a cost of over Rs 5,000 crore, and the Visakhapatnam refinery from 8.3 mt to 15 mt at a cost of around Rs 21,000 crore.
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.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1435.70 |
| Indian Oil Corp. | 144.70 |
| BPCL | 302.85 |
| HPCL | 387.00 |
| MRPL | 167.90 |
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