HPCL bags long term contract from ONGC Petro additions

19 Jun 2023 Evaluate

Hindustan Petroleum Corporation (HPCL) has secured a major long term contract from ONGC Petro additions (OPaL) for supply of Natural Gas to their Mega Petrochemical Complex at Dahej. OPaL, a joint venture of ONGC, GAIL and GSPC, requires Natural Gas for operating its own Captive Power Plant (CPP) for supporting its power and steam requirements. 

HPCL has won the contract through competitive bidding against a tender floated by OPaL. HPCL will be supplying 13.53 Trillion Btu of Natural Gas to OPaL during the period October 23 to May 26 under this contract. HPCL has ambitious plans for Natural Gas business and is focused to build a strong foothold in Petrochemical, Fertilizer and other sectors.  

Hindustan Petroleum Corporation operates two major refineries producing a wide variety of petroleum fuels and Specialties. The Company also owns and operates the largest lube refinery in the country producing lube base oils of international standards.

HPCL Share Price

327.65 2.05 (0.63%)
11-Mar-2025 11:41 View Price Chart
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