HPCL plans capex of Rs.45K crore

At a Press Meet on last Thursday after AGM, HPCL management has informed the media that it has posted historic high net profit of Rs. 2733 crore for FY 14-15 and has announced highest ever dividend of 245% (i.e. Rs. 24.50 per share). The company is going ahead with JVs and expansion of its existing refinery capacities for which it has planned capex of Rs. 45000 crore from current fiscal till 2020. Company is putting major thrust on retail segment and has ambitious plans to have larger pie in the market share going forward