HPCL seeks plans for Vizag refinery capacity expansion

24 Jan 2023 CW Team

According to its chairman Pushp Joshi, the state-run Hindustan Petroleum Corporation plans to start using its 15 mtpa additional capacity at its Vizag refinery in southern India by the end of June.

He added that the refinery, which had a previous capacity of 8.33 mtpa, is currently commissioning units, and as a result, HPCL's crude imports will increase beginning in April of the following fiscal year.

"Our crude imports will go up as we expand capacity. We will buy from wherever we get at cheaper rates," Joshi told reporters at an event to lunch gas-fuelled boats in the River Ganges.

India, the third-largest oil importer and user in the world, imports more than 80% of its oil requirements. In order to meet the expanding fuel demand in Asia's third-largest economy, Indian refiners are spending billions of dollars upgrading their facilities.

"We market double than what we produce in the refineries so that (expansion) will help HPCL in becoming sufficient in refined products."

Joshi stated that the Vizag refinery's distillate yield will increase due to HPCL's residue upgradation project, which will be completed by the end of this year or in January 2024.

In order to diversify its business, HPCL is constructing a gas import terminal at Chhara in Gujarat's western state of Gujarat and an oil-to-chemical facility connected to its Vizag refinery.

Joshi predicted that the LNG terminal will be ready by the end of March, but that commissioning would take some time because a breakwater and a pipeline for gas evacuation have not yet been constructed.

"We are looking at ways for operating the terminal and have floated a term sheet to import 1.5-2 million tonnes of liquefied natural gas (LNG)," he said.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..