Terminals
Hindustan Petroleum to Invest $220 Million in Refined Product Terminals
In a bid to modernize its existing terminal infrastructure, India's state-run oil and gas company Hindustan Petroleum Corporation Limited (BSE:500104) (Mumbai)...
Released Friday, May 20, 2011
Researched by Industrial Info Resources (Sugar Land, Texas)--In a bid to modernize its existing terminal infrastructure, India's state-run oil and gas company Hindustan Petroleum Corporation Limited (BSE:500104) (Mumbai) has proposed to invest $220 million by 2013.
The corporation has already kicked off construction of five major oil installations at Ennore, Visakh, Bokaro, Bihta and Tikrikalan.
HPCL is setting up a greenfield oil terminal at Ennore, which is in the northern outskirts of Chennai City and Tikrikalan in Delhi. Both projects are expected to be commissioned in August 2011. The total investment for these two projects has been pegged at about $67 million.
The projects involve the setting up of facilities, including an automated tank truck loading facility, a tank wagon loading/receiving facility, and tanks for products such as diesel, superior kerosene oil, jet fuel and motor spirit.
Although the Tikrikalan project faced an initial hiccup in the land acquisition process, the project has picked up pace and is expected to meet its latest deadlines.
HPCL has plans to invest in the liquefied petroleum gas (LPG) sector to widen its customer base.
HPCL has firmed up an ambitious expansion plan to diversify in the areas of increasing energy demand, technological upgrades and environmental management in order to strengthen core processes and modernize its existing infrastructure. HPCL has proposed total capital expenditure (including equity investments in joint ventures) of $2.55 billion during the 11th Five-Year Plan (2007-12).
View Project Report - 300030635 300030281
Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
/news/article.jsp
false
Want More IIR News Intelligence?
Make us a Preferred Source on Google to see more of us when you search.
Add Us On GoogleAsk Us
Have a question for our staff?
Submit a question and one of our experts will be happy to assist you.
Forecasts & Analytical Solutions
Where global project and asset data meets advanced analytics for smarter market sizing and forecasting.
Explore Our SolutionsRelated Articles
Industrial Project Opportunity Database and Project Leads
Get access to verified capital and maintenance project leads to power your growth.
Discover Our DatabaseIndustry Intel
-
2026-2027 Investment Radar for Mexico, Central America & the CaribbeanPodcast Episode / May 29, 2026
-
Innovations Shaping the Next Era of Power GenerationPodcast Episode / May 22, 2026
-
The Role of Contract Manufacturing in Global Pharma GrowthPodcast Episode / May 8, 2026
-
2026 North American Labor OutlookPodcast Episode / Apr 24, 2026
-
2026 European Metals & Minerals Project Spending OutlookPodcast Episode / Apr 7, 2026