HPCL to invest ~61K cr by 2021 on expansion projects

State-owned HPCL will invest ~61,000 crore over the next four years in expanding and upgrading its existing refining capacity to meet higher quality fuel norms, the company said in an investor presentation. HPCL is upgrading both its Mumbai and Visakh refineries to produce fuel meeting Euro-VI emission norms. “Major planned investments in refinery, POL (petroleum, oil and lubricants) distribution and natural gas projects,” the company said.