NEW DELHI, Oct 9 (Reuters) – India’s Hindustan Petroleum Corp (HPCL.NS) will minimize its diesel purchases from different refiners because it has commissioned a 3 million tonnes each year (mtpa) hydrocracker at its just lately upgraded Vizag refinery, its head of refineries S Bharathan stated on Monday.
State-owned HPCL buys fuels from refiners corresponding to Mangalore Refinery and Petrochemicals (MRPL.NS), Nayara Power and Reliance Industries (RELI.NS) as its home gross sales are increased than the output from its two refineries at Mumbai in western India and Vizag within the southern state of Andhra Pradesh.
It additionally buys refined fuels from its three way partnership firm HPCL-Mittal Power.
Vizag refinery will function at 13.5 mtpa capability within the present fiscal 12 months and at full capability of 15 mtpa within the subsequent fiscal, Bharathan stated.
The three mtpa hydrocracker will maximise diesel output and function at a fee of 1.5 mtpa within the second half of this fiscal 12 months to March, he stated including, that within the subsequent fiscal 12 months the hydrocracker will function at 2.4 mtpa capability.
Individually, Pushp Kumar Joshi, chairman of HPCL, stated the corporate hopes to fee a 5 mtpa liquefied pure fuel terminal in western India in November-December.
India’s gas demand is anticipated to get well from this month attributable to increased demand throughout the competition season, Joshi stated.
HPCL has leased 300,000 tonnes of area at Vizag Strategic Petroleum Reserves, he added.
Reporting by Nidhi Verma in New Delhi; Modifying by Eileen Soreng
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