State-owned Hindustan Petroleum Corporation (HPCL) is vitalizing Rs 50,000 crore refinery-cum- petrochemical project near Vizag in Andhra Pradesh, in order to meet local fuel demand. The company is in talks with global energy giants like Total SA of France and BP plc to join the stalled project. The company is planning to build the 15 million tonne a year refinery and a mega petrochem plant about 70 km away from the company's existing Vizag refinery.
HPCL operates two major refineries producing a wide variety of petroleum fuels and specialties, one in Mumbai (west coast) of 6.5 million metric tonnes per annum (MMTPA) capacity and the other in Vishakapatnam, (east coast) with a capacity of 7.5 MMTPA.
