OREANDA-NEWS. March 9, 2011. Hindustan Petroleum Corporation Ltd (HPCL) is to set up a brand new export-oriented 15 mln ton refinery at Vizag, Andhra Pradesh by the year 2011-2012. The Refinery cum Petrochemical project is estimated at a value of Rs.160 bln (USD 3.5 bln). HPCL will be looking out for new international partners for constructing the refinery. However the equity structure in the new refinery will be same as the one that has been intended for the 9 mln ton Bhatinda refinery. The final dates for submitting the bids will be on 31st December 2012.