HPCL to take 25 per cent stake in proposed 60 million tonnes refinery

• Posted in OilGas
• on November 16, 2016
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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%.  Marshall Faulk Authentic Jersey

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