The Board of directors of Hindustan Petroleum Corporation Limited at the meeting held recently approved the "Lube Modernization and Bottoms Upgradation Project" at Mumbai Refinery.

This project would increase the Lube Oil Base Stocks (LOBS) production from current 475 KTPA to 764 KTPA with production of superior grade Group 11+ and Group III LOBS. Additionally, there would be increase in Bitumen production by approximately 487 KTPA with upgradation of Fuel Oil to Bitumen.

The estimated cost of this project is Rs. 4,679 Crore with a Mechanical completion schedule of 36 months and 3 months for commissioning from the date of Board approval.