You are here: Home » Companies » News
Business Standard

HPCL delays $3 bn Vizag refinery expansion over labour, monsoon: Report

State-run refiner had initially planned to complete the Rs 209.28 billion expansion in July.

Topics
HPCL | Refinery projects | oil marketing companies

Nidhi Verma | Reuters  |  New Delhi 

Hindustan Petroleum Corp Ltd has pushed back the completion of a billion-dollar expansion at its southeastern Vizag refinery to at least October-November due to a labour shortage and the onset of monsoon, a company source said. The state-run refiner had initially planned to complete the Rs 209.28 billion ($2.77 billion) expansion, which will nearly double the capacity of its coastal plant to 300,000 barrels per day (bpd), in July. Many workers have returned to their hometowns due to the nationwide lockdowns to curb the spread of coronavirus, while the onset of monsoon has made it ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, June 10 2020. 11:29 IST
RECOMMENDED FOR YOU
.