Joint venture partners to decide on Vizag refinery by year-end
NEW DELHI: Oil and gas giant Total of France, India born steel baron L. N. Mittal and state-run Hindustan Petroleum Corporation Limited (HPCL) will take a decision on taking a final plunge to set up the proposed 14 million-tonne refinery-cum-petrochemical plant at Vizag in Andhra Pradesh at a cost of $6 billion. The project is at pre-feasibility stage and now the next round of discussions would open up. "We will know about the fate of the project if we will move ahead with the project or not,' Total Oil Asia-Pacific Senior Vice-President, Thierry Pflimlin, told newsmen here. Capacity