HINDUSTAN PETROLEUM CORPORATION LTD. - Outcome of Board Meeting

Hindustan Petroleum Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 29, 2015, has approved the proposal for implementation of Mumbai Refinery Capacity Expansion from 7.5 MMTPA to 9.5 MMTPA - Phase I (Capacity Expansion) with a scheduled completion of 36 months from the date of Environmental Clearance, at an estimated total cost of about Rs. 4200 Crore (Rupees Four Thousand Two Hundred Crore Only).