Hindustan Petroleum Corporation Limited (HPCL) has unveiled plans to expand its refining capacity to 45.3 million metric tonnes per annum (MMTPA) by fiscal year 2028. This strategic move underscores HPCL’s commitment to meeting India’s rising energy demand while strengthening its competitive edge in the oil and gas sector.
Hindustan Petroleum Corporation Limited, one of India’s leading state-owned refiners, has announced a significant capacity expansion target. By FY28, HPCL aims to achieve 45.3 MMTPA refining capacity, marking a milestone in its growth trajectory and reinforcing its role in India’s energy security.
Key Highlights
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HPCL’s current refining capacity stands lower, and the planned expansion reflects a sharp scale-up to meet future demand.
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The company has recently commissioned advanced refining units at its Visakh Refinery, enhancing efficiency and product quality.
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This expansion aligns with HPCL’s broader strategy of modernization, sustainability, and strengthening its downstream operations.
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The move comes amid India’s growing energy consumption, positioning HPCL to capture a larger market share.
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Financially, HPCL has reported strong performance, including a notable rise in profitability, which supports its ambitious investment plans.
Sources: ScanX News, MarketScreener