Public Sector

India HPCL postpones refineries start on Covid

India HPCL postpones refineries start on Covid

India HPCL postpones refineries start on Covid

India HPCL postpones refineries start on Covid – The 40,000 b/d expansion of the Mumbai refinery to 190,000 b/d is going to be completed in FY year 2021 as will the 134,000 b/d expansion of the Vizag refinery, HPCL chief executive Mukesh Surana said. A product upgrade project at Vizag is going to be ready by 2022.

HPCL has also started construction work on a 180,000 b/d inland refinery at Barmer, Rajasthan, and can complete the project in 2023, Surana said. The refiner is expanding Vizag’s capacity to 300,000 b/d by adding a 180,000 b/d CDU. Mumbai expansion was scheduled to be ready by January 2020 and Vizag by July.

The projects are delayed by the five-month lockdown from 25 March to combat the pandemic. India’s federal lockdown is thanks to endways 31 August, over five months after starting. Cases of coronavirus are increasing by over 50,000 a day and are now nearing two million, with fatalities over 40,600.

Demand for diesel and gasoline was only 89pc and 83pc of year-earlier July demand, respectively, Surana said. Refineries will first exhaust product stocks before sending runs higher, he said and can calibrate throughput to demand and inventories.

Read more Public Sector News on India Frontline.

About the author

IndiaFrontline

Add Comment

Click here to post a comment