India city Mumbai covid-19 2020 Government India city Mumbai

₹12000 crore in capital expansion this fiscal

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MUMBAI : State-run Hindustan Petroleum Corporation Ltd (HPCL) will invest ₹12000 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."We are would be spending ₹12000 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.

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