Hindustan Petroleum Corporation Ltd approves modernization at Mumbai Refinery

The Board of directors of Hindustan Petroleum Corporation Limited at the meeting held today approved the "Lube Modernization and Bottoms Upgradation Project" at Mumbai Refinery.

This project would increase the Lube Oil Base Stocks (LOBS) production from current 475 KTPA to 764 KTPA with production of superior grade Group 11+ and Group III LOBS. Additionally, there would be increase in Bitumen production by approximately 487 KTPA with upgradation of Fuel Oil to Bitumen.

The estimated cost of this project is Rs. 4679 Crore with a Mechanical completion schedule of 36 months and 3 months for commissioning from the date of Board approval.

Shares of Hindustan Petroleum Corporation Limited was last trading in BSE at Rs. 407.00 as compared to the previous close of Rs. 415.00. The total number of shares traded during the day was 204464 in over 5007 trades.

The stock hit an intraday high of Rs. 419.00 and intraday low of 400.35. The net turnover during the day was Rs. 83282603.00.

Source : Equity Bulls

Keywords

HindustanPetroleumCorporation INE094A01015 HPCL LubeModernization BottomsUpgradationProject MumbaiRefinery