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 ...
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.
Nidhi Verma | Reuters |