How are your expansion and update plans spanning out?
As you are aware that India is supposed to roll out BS-VI from the 1st of April 2020 except for in the NCT region, which has already been rolled out. All the refineries are preparing for it, HPCL is also upgrading both of its refineries. Our upgradation comes with expansion of the refineries so that we will be ready in time to rollout all over the country. The projects are on course and we will be ready.
Is there any specific investment that you are looking at for this?
The total investment for expansion and upgradation is around Rs 25,000 crore. But for BS-VI upgradation, it will cost around Rs 5,000 crore for both the refineries put together. Read More
Latest posts by The Economic Times (see all)
- India to bridge coal import gap by 50pc in 3 yrs: Coal India - August 23, 2019
- ONGC to drill 46 wells in Mehsana Asset at the cost of Rs 500 crore - August 23, 2019
- Oil price steadies as markets await Fed steer - August 23, 2019