Hindustan Petroleum Corp Ltd (HPCL) will invest Rs 17,000 crore in raising its Mumbai and Vizag refinery capacity by 2018. HPCL plans to expand its Mumbai refinery from 6.5 million tonnes to 10 million tonnes in two-and-half years from the date it gets environment clearance and Vizag from 8.33 million tonnes to 15 million tonnes, according to the company Director (Refineries) BK Namdeo.
He said at Vizag a new 9 million tonne unit will be built but some old units of the existing refinery will be taken down. After the expansion, Vizag will have a capacity of about 15 million tonne per annum. HPCL is also setting up a 9 million-tonne-per-year new refinery-cum-petrochemical complex at Barmer in Rajasthan.