Hindustan Petroleum Corp (HPCL) is planning to acquire 11-15% stake in Petronet LNG's Rs 5,000 crore LNG import terminal on the east coast. HPCL's Vizag refinery in Andhra Pradesh is being expanded to 15 million tonnes per annum (MTPA) from current 8.33 MT and the expanded unit will have a gas requirement of close to 3 MT.
HPCL operates two major refineries producing a wide variety of petroleum fuels and specialties, one in Mumbai (west coast) of 6.5 million metric tonnes per annum (MMTPA) capacity and the other in Vishakapatnam, (east coast) with a capacity of 7.5 MMTPA.
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