Hindustan Petroleum Corporation Ltd (HPCL) is steadfast in its plan to invest ₹75,000 crore over the next five years to expand its infrastructure and refining capabilities.
The investment underscores the company’s dedication to enhancing its infrastructure and refining operations. HPCL is strategizing to mitigate risks associated with global geopolitical uncertainties by sourcing on a delivered basis, which is expected to reduce potential disruptions from global supply chain fluctuations.
Recently, HPCL successfully stabilized its lubricant exports to Bangladesh following initial challenges due to the political turmoil in the region. The achievement reflects a positive trend in the company’s international operations.
The company is on track to complete the construction of its nine million tons per annum (MTPA) refinery in Rajasthan by March 2025. As reported by msn.com, the refinery is a significant project for HPCL and will require a period of stabilization before considering the involvement of strategic partners.
