The Hindu Business Line : HPCL acquiring land for Vizag unit expansion

HPCL is actively taking steps to acquire necessary land for capacity expansion of its refinery here from 7.5 million tonnes per annum (mtpa) to 15 mtpa. It is acquiring the land from the Visakhapatnam Port Trust.

According to Mr A.S Rao, General Manager in charge of the refinery, the expansion project entails an outlay of Rs 8,300 crore and is to be executed in a span of 3-4 years.

"The project is being taken up on schedule and we are confident that it will be completed by 2010."

He added that during the past three years, the refinery has exceeded its rated capacity of 7.5 mtpa. "This year we may touch the 8-mtpa mark."

As part of the project, the infrastructure will be strengthened at the refinery and a single buoy mooring (SBM) will be developed to receive crude from very large crude carriers (VLCCs).

A crude storage terminal will be built and the total cost of the component will be Rs 700 crore.

Currently, the refinery is investing Rs 2,200 crore on a clean fuel project to produce Euro-III compliant petrol and diesel.

There is also a proposal to set up a petrochemical complex in the SEZ at a cost of Rs 6,000 crore to cater to the export market.

The complex is proposed to be completed by 2012, according to Mr Rao.

The State Government has agreed to allocate 1,500 acres in the SEZ area and a further 2,000 acres outside the area for the complex.

HPCL is also involved in another project - an underground cavern project to store 60,000 MT of LPG - with Total of France.

The project is said to be the first of its kind in the country.

On the whole, it is estimated that HPCL is investing Rs 15,000 crore in its Vizag projects.

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