Bid & Tender
HPCL to take 25% Stake in Proposed 60 Mn Tonnes Refinery

Date : Nov 16, 2016

Hindustan Petroleum Corp (HPCL) will take 25% equity stake in the proposed 60 million tonnes refinery on the west coast that the state oil companies plan to build, its chairman has said.

 

The proposed refinery–cum-petrochemicals complex will cost about Rs 1500 billion, M K Surana, chairman and managing director of HPCL, said. Indian Oil Corp, the largest of the three oil companies partnering for the project, will take 50% stake in the proposed refinery, Surana said. Bharat Petroleum will take another 25%.