HPCL plans a new refinery in Maha, to double capacity of Vizag unit

New Delhi: Hindustan Petroleum Corp Ltd (HPCL) plans to invest Rs13,000 crore to almost double the capacity of its Vizag oil refinery in Andhra Pradesh to 15 million tonnes a year by 2013-14.

It may add a new 180,000 barrels per day (9 million tonnes per annum) crude distillation unit (CDU) and scrap the old 36,000 bpd (1.8 million tonnes per annum) unit at the Vizag refinery.

The land have been acquired for the project, the project will take 3 years to complete.

HPCL is also looking at investing Rs30,000 crore to set up an 18 million tonnes a year refinery.

The new refinery, to be set up in Maharashtra, was conceptualised to make up for space constraints at HPCL's existing Mumbai Refinery.

State-owned Engineers India has been engaged to carry out a feasibility study on the proposed refinery. The options under consideration are a single 18 million tonnes per annum unit or two units of 9 million tonnes per annum capacity each.

The DFR will be ready by December, The land earmarked for the refinery is located between Ratnagiri and Raigad and the unit, the project will be called as Maharashtra Refinery, The project would be completed within 48 months from the date of receipt of all approvals.