HPCL, BPCL Plan To Set Up Sewage Treatment Plant

Mumbai: State-run oil companies Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) are planning to jointly establish a desalination plant in Mumbai to meet the necessity of raw water in their refineries. The two companies have commissioned a feasibility study from Infrastructure Leasing and Financial Services (IL&FS) for the project which is estimated to cost about Rs 300 crore. Though the cost has come down to about Rs 40-45 a litre, the companies stand to profit from making a one-time investment in the plant. BPCL and HPCL are in negotiations with Navi Mumbai Municipal Corporation for building and running the plant.