Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar

HPCL aims to invest Rs 74,000 crore in five years

22 Aug 2019

Hindustan Petroleum Corporation (HPCL) is aiming to invest around Rs 74,000 crore over the next five years to expand capacity. The company plans to invest around Rs 14,900 crore in the current fiscal.

The company, which owns and operates three refineries, has undertaken capacity expansion at refineries at Visakhapatnam and Mumbai. The modernisation of the Visakhapatnam refinery will enhance capacity from 8.33 million tonnes (mt) to 15 mt. The capacity of the Mumbai refinery is also being enhanced from 7.5 mt to 9.5 mt. On completion of these projects it will enhance profitability and will have the capability to produce BS-VI fuels.

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.
 

Related Hindustan Petroleum Corporation Ltd. Links:

HPCL Share Price

295.30 -2.95 (-0.99%) Jun 11, 18:01
1 Year Price Chart
Peers
Company Name CMP
Indian Oil Corp. 115.10
Reliance Industries 2213.00
BPCL 483.75
HPCL 295.30
MRPL 51.35
View more..
Sensex vs HPCL
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback