HPCL to invest ₹25k cr to lift refining capacity
State-owned Hindustan Petroleum (HPCL) plans to invest ₹25,000 crore (around $3.76 billion) to increase refining capacity at its Mumbai and Vizag refineries by two-thirds by 2020, BK Namdeo, Refineries Head, HPCL, said. Alongside the expansion, HPCL will also reportedly revamp its gasoline and diesel production units to meet rules on producing cleaner fuels from 2020.