By: Pravin Prashant
Last updated : March 02, 2020 11:49 am
Hindustan Petroleum Corporation Ltd (HPCL) had allocated a capex target of Rs. 9500 crores out of which majority has already been spent Rs. 9239 crore during the current fiscal
Hindustan Petroleum Corporation Ltd (HPCL) had allocated a capex target of Rs. 9500 crores out of which majority has already been spent Rs. 9239 crore during the current fiscal.
In order to strengthen core processes and modernize, the company has developed ambitious plans for expansion and diversification in the areas of increasing energy demand, technological upgradation and environment management.
"We consciously decided to have an aggressive CAPEX plan. We could have chosen to undertake some projects sequentially but decided to work on them in parallel as we think company has the capacity to do so" stated MK Surana, Chairman & Managing Director, HPCL.
A brief on some major projects in progress in different parts of India is given below:
Mumbai Refinery Expansion Project:
The objectives of the project is to enhance the capacity of existing Refinery at Mumbai, Maharashtra from present capacity of 7.5 MMTPA to 9.5 MMTPA and to meet BS VI Auto Fuel Specifications for MS & HSD produced from this refinery. The project envisages a new Hydrogen Generation Unit (HGU), revamping and capacity expansion of existing units, augmentation of Utilities, Offsite and other associated facilities. The project outlay is Rs. 4199 crores with a scheduled completion time for the total project is 36 Months from the date of Environmental Clearance. HPCL has appointed Engineers India Limited (EIL) as PMC cum EPCM consultant for the project.
Visakh Refinery Modernization Project:
The objective of the project is to modernize and enhance the capacity of existing Visakh Refinery from present capacity of 8.33 MMTPA to 15 MMTPA at Visakhapatnam, Andhra Pradesh. The Project comprises of new 9 MMTPA grassroots refining facility, revamp and capacity expansion of existing units, augmentation of Utilities systems, integrated effluent treatment system, Offsite facilities, Captive Power Plant and other associated facilities. The cost of the project is Rs. 20928 crores and scheduled mechanical completion is July 2020.
HHRL Refinery cum Petrochemical Complex:
HPCL is setting up a 9 MMTPA Integrated Grass Root Refinery cum Petrochemical Project at Barmer, Rajasthan. The project being set up at a project cost of Rs. 43129 crore, once commissioned will also produce 2 MMTPA of Petrochemicals. The project is driven by HPCL Rajasthan Refinery Limited (HRRL) which is a JV between HPCL and Government of Rajasthan.