HPCL lines up Rs 75,000-crore capex

India Business Journal - - NEWS ROUND-UP -

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.

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