HPCL is reportedly planning to build an underground liquefied petroleum gas (LPG) storage facility in Mangaluru, which will be second such facility in India. This facility will be set up at around Rs 1,000 crore and may have a capacity of over 60,000 tonne.
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.