HPCL to invest in fuel quality upgrade
Hindustan Petroleum Corporation Ltd. (HPCL) is currently implementing projects to upgrade fuel quality as per India’s Auto Fuel Policy and also for capacity expansion in both Mumbai and Visakhapatnam refineries, at a total estimated cost of Rs3998 crores (US$869.13 million). Auto fuel policy mandates cleaner fuels for vehicles. The refining capacity of the Mumbai Refinery will increase from 5.5 million metric tons per annum (MMTPA) to 7.9 MMTPA and will have the capability to produce Euro III-and Euro IV-compliant gasoline and diesel fuel. The Visakhapatnam refinery will increase in capacity from 8.3 MMTPA to 15 MMTPA. (August 25, 2006)