{"id":357838,"date":"2020-06-17T10:50:21","date_gmt":"2020-06-17T05:20:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=357838"},"modified":"2020-06-17T10:50:21","modified_gmt":"2020-06-17T05:20:21","slug":"hpcl-to-invest-%e2%82%b912000-crore-in-capital-expansion-this-fiscal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hpcl-to-invest-%e2%82%b912000-crore-in-capital-expansion-this-fiscal\/","title":{"rendered":"HPCL to invest \u20b912000 crore in capital expansion this fiscal"},"content":{"rendered":"<p>MUMBAI : State-run Hindustan Petroleum Corporation Ltd (HPCL) will invest \u20b912000 crore in capital expansion during the current fiscal. The refiner said it has not revised its capex downward despite the covid-19 impact on the company.<\/p>\n<p>&#8220;We are would be spending \u20b912000 crore towards capital expenditure. For new projects, we will be prioritizing or phasing them out. Our major vizag and Mumbai refinery expansions are in advanced stage and we would be commissioning them this fiscal. So there is no major change to capex,&#8221; said M K Surance, chairman and managing director, HPCL.<\/p>\n<p>Of the \u20b912000 crore, HPCL will spend \u20b97000 crore in refinery and \u20b95000 crore in marketing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI : State-run Hindustan Petroleum Corporation Ltd (HPCL) will invest \u20b912000 crore in capital expansion during the current fiscal. The refiner said it has not revised its capex downward despite the covid-19 impact on the company. &#8220;We are would be spending \u20b912000 crore towards capital expenditure. For new projects, we will be prioritizing or phasing them out. Our major vizag and Mumbai refinery expansions are in advanced stage and we would be commissioning them this fiscal. So there is no major change to capex,&#8221; said M K Surance, chairman and managing director, HPCL. Of the \u20b912000 crore, HPCL will spend [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,183],"tags":[],"class_list":["post-357838","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=357838"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357838\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=357838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=357838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=357838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}