Hindustan Petroleum Corporation Limited (HPCL) has made significant investments totalling $864 million (Rs. 7,196 crores) in the period of April to September 2023, which includes equity investments in joint ventures and subsidiaries, aimed at enhancing its refining and marketing infrastructure. One notable achievement is the successful commissioning of the Visakhapatnam Refinery Modernization Project’s New Hydrogen … Read more
HPCL Rajasthan Refinery Limited (HRRL) received a substantial financial boost for its upcoming project in Barmer, Rajasthan, as the Rural Electrification Corporation Limited (REC) granted a loan of Rs 47.85 billion. In a press release, the company stated, “HPCL Rajasthan Refinery Limited (HRRL) executed a loan agreement on 4 July 2023 under a consortium arrangement … Read more
Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) have signed a Memorandum of Understanding (MoU) for synergy in the purchase and sale of hydrogen between the refineries they operate in Mumbai. This one-of-a-kind strategic partnership between the two oil marketing companies is aimed at ensuring sustained refinery operations and uninterrupted product availability … Read more
India’s state run oil and gas explorer ONGC’s plan to merge its refining subsidiary Mangalore Refinery and Petrochemicals Ltd ( MRPL ) with Hindustan Petroleum Corp Ltd (HPCL) has got delayed, according to a report by IANS. The process is now expected to be complete by 2024. The merger was aimed at aligning ONGC’s upstream … Read more
India’s L&T Hydrocarbon Engineering on Monday said it has won an order from HPCL Rajasthan Refinery (HRRL) worth over Rs 7,000 crore ($958 million), the biggest EPCC contract in petchem sector in India. HRRL is a joint venture between Hindustan Petroleum Corporation (HPCL) and the government of Rajasthan. The EPCC contract is for setting up … Read more
HPCL (Hindustan Petroleum Corporation Limited), an Indian oil & gas marketing company has reported its financial results for the period ended March 31, 2020. Q4 Results For the quarter, the company has posted net loss of Rs (27.63) crores (-$3.6 million), a 101% decline as against net profit of Rs 3340.03 crores ($440.9 million) during … Read more
Axens to supply several advanced technologies for its state-of-the-art 9 MTPA integrated refinery and petrochemical complex of HPCL to be set in Pachpadra Tehsil of Barmer District of Rajasthan, the engineering firm announced on Monday. As part of the project, Axens will provide the following technologies: – a naphtha hydrotreating unit (NHT) – a semi-regenerative … Read more