HPCL lines up Rs 75,000-crore capex
HPCL will invest around Rs 75,000 crore towards capex over the next five years, with around Rs 8,425 crore lined up in this financial year. Most of the capex will go into HPCL’s Rs 43,000-crore refinery coming up in Rajasthan and in expansion of its Vizag facility. "We have been investing around Rs 6,000 crore per annum in capital expenditure. But during the current fiscal, we are investing Rs 8,425 crore as we plan to complete expansion of our capacities at Vizag and Mumbai refineries at a faster clip,” HPCL Chairman and Managing Director M K Surana has said.