HPCL unveils plans for retail spending

Hindustan Petroleum Corp. Ltd. has planned capital expenditures of Rs9 billion (US$195.65 million) for its retail operations for the current fiscal year ending March 2007, Chairman M.B. Lal said. HPCL will automate 1,000 retail fuel dispensing stations by March 2007 and take knowledge_base number to 2,000 by December 2007. HPCL is India’s third largest refiner and has around a 20% share of the country’s fast-expanding oil retail market. (September 14, 2006)