India’s HPCL in $8 Billion Drive to Boost Oil Refining Margins

  • HPCL to invest in expanding, upgrading 60-year old refineries
  • India must expand refineries to meet growing demand: Surana

India’s fastest-growing fuel seller will spend $8 billion over the next five years to help its 60-year-old refineries earn profit margins closer to modern processors such as billionaire Mukesh Ambani’s Reliance Industries Ltd.

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