HPCL may raise USD 500 million via bond issue

Visakhapatnam. HPCL is planning to modernize its refinery in Visakhapatnam and expand its capacity from the existing 8.33 mtpa to 15 mtpa. The fund raise is basically for the Vizag refinery expansion and to complete some pipeline projects,” an HPCL official said, also on condition of anonymity. MINT