HPCL targets 42 mt capacity by 2020

摘要

PUBLIC sector refiner and oil marketing company HPCL aims to have 42 million tonnes per annum (mtpa) capacity by 2020, said S. Roy Choudhury, Chairman and Managing Director. This is targeted to meet the product demand of nearly 50 mtpa expected by that time. Currently, HPCL has two refineries — 8.3 mtpa in Visakhapatnam and 6.5 mtpa in Mumbai. It also runs a 9 mtpa refinery at Bhatinda, in a joint venture with Mittal Energy Investment Pte Ltd, Singapore, a Lakshmi Mittal group company. The public sector company expects to reach 42 mtpa capacity by 2016-17 and 50 mtpa by 2020. HPCL has lined up a nearly Rs 45,000-crore expansion target.