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    HPCL revives plan for south India refinery

    State-run Hindustan Petroleum Corp has revived plans to build in a consortium a USD 10 billion refinery-cum-petrochemical project in Vizag, its chairman said on Thursday.

    May 26, 2011 / 20:49 IST
       
       
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      State-run Hindustan Petroleum Corp has revived plans to build in a consortium a USD 10 billion refinery-cum-petrochemical project in Vizag, its chairman said on Thursday.


      S Roy Choudhury told reporters the company was already in talks with Oil India and GAIL and would talk to foreign firms including Total for the project.


      An HPCL-led consortium, which included Mittal Group, Total of France, and Oil India and Gail, had put the project on hold in 2007 when petrochemical demand was seen as too weak to justify the investment.

      first published: May 26, 2011 06:58 pm

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