Hindustan Petroleum Corporation is
likely to achieve financial closure for its 9 million tpa Bhatinda refinery
project in Punjab by February 2007. The company has appointed SBI Caps as the
financial advisor for the project.
The project will have a debt-equity
ratio of 60:40 and the debt component will be more than Rs.8,000 crore.
The refinery complex which includes a
captive power plant is estimated to cost Rs.13,800 crore and the crude oil
receipt, storage and transfer facilities are estimated to cost Rs.3,450 crore.
The entire project is scheduled for completion by September 2010.
Also See:
HPCL
eyeing partners for Bhatinda, Vizag projects (31-Oct-06)
Related Links:
Project
profile