Hindustan Petroleum (HPCL) plans to invest Rs 45,000 crore by 2020 in capacity expansion of its Mumbai and Visakhapatnam refineries, along with augmenting of its marketing infrastructure.

While Rs 21,000 crore would be invested in increasing refining capacity, Rs 9,000 crore would be spent in marketing infrastructure, till 2020. A total of Rs 14,000 crore would go into joint venture refinery projects, natural gas business and upstream oil exploration.

The company will also invest Rs 4,199 crore in expanding its Mumbai refinery capacity to 9.5 mln tpa from the existing 6.5 mln tpa, and another Rs 17,000 crore in expanding its Visakhaptnam refinery to 15 mln tpa capacity, from the current 8 mln tpa. USD 350 million is also planned to be spent in raising capacity of the 9 mln tpa Bhatinda refinery to 11.25 mln tpa.

The company is also partnering with Shapoorji Pallonji to set up a 5 mln tpa liquefied natural gas (LNG) import terminal at Chhara port in Gujarat, at a cost of Rs 5,411 crore and is investing Rs 1,782 crore in laying new pipelines, fuel depots and LPG plants. It is also building 2 LPG pipelines - 397 km Mangaluru - Hassan - Mysore - Bengaluru pipeline and 168 km Uran - Chakan pipeline.

HPCL’s new "Octomax" refinery at the Mathura refinery for the production of high-octane transport fuels will set up a plant of 55 kilo ton per annum capacity at an estimated cost of Rs 43 crore and is expected to be completed by October 2017.