Hindustan Petroleum Corporation Ltd (HPCL) is set to discontinue its practice of purchasing diesel from companies like Reliance Industries Ltd and Nayara Energy once it completes the expansion of its Visakhapatnam refinery in Andhra Pradesh and constructs a new refinery in Rajasthan in the next financial year. This move reflects the company s commitment to boosting its oil refining capacity and ensuring self-reliance in the production of petrol and diesel.
HPCL, which had previously missed on the gas bus when unlike fellow state oil firms it did not participate in Petronet LNG, has commissioned a 5 million tonnes a year at Chhara in Gujarat.
Hindustan Petroleum Corporation Ltd (HPCL) will stop buying diesel from companies like Reliance Industries Ltd and Nayara Energy once it completes expansion of its Visakhapatnam refinery in Andhra Pradesh and builds a new one in Rajasthan next financial year, company officials said.
HPCL owns