HPCL keen on setting up a mega refinery in Vizag

HPCL set to revive Vizag project, applies for land


(Courtesy: DNA, Mumbai, April 27, 2012)



Hindustan Petroleum Corporation Ltd (HPCL) is set to revive its plan to set up an integrated mega refinery near Visakhapatnam.



The company has approached the Andhra Pradesh government for allotment of about 1,500 acres at Achyutapuram near Vizag for this.



The land the state-owned company is keen on falls under a special economic zone and the state is yet to take a final decision on that.



According to state government sources, HPCL is keen on setting up a mega refinery, an aromatic plant and a naphtha unit in its proposed project with an estimated outlay of Rs 35,000 crore. The refiner had come up with a similar proposal in 2006 and was allotted the required land by the government. However, it had deferred its plan and the land was also taken back by the government.