New Delhi: Hindustan Petroleum Corporation Limited (HPCL) reported a substantial investment of Rs. 3,771 crore in the second quarter of fiscal year 2025 to enhance its refining and marketing capacities, along with stakes in joint ventures and subsidiary firms. This brings HPCL’s total investment in the April to September period to Rs. 6,588 crore, underscoring the company’s focus on boosting infrastructure and sustainability in India’s energy landscape.

During this quarter, HPCL’s Visakh Refinery marked a significant milestone by commissioning India's first Green Hydrogen plant within a refinery. The plant has an annual production capacity of 370 tonnes of Green Hydrogen, sourced through renewable energy, setting a pioneering example for India’s refining sector. Additionally, the Visakh facility has integrated 3 megawatts of green power sourced via the local distribution company, advancing its sustainability initiatives.

HPCL also entered into strategic partnerships to bolster green energy initiatives. The company signed a Memorandum of Understanding (MoU) with the Mumbai Port Authority and the Mumbai Port Sustainability Foundation to establish a Green Fuel Ecosystem at Mumbai Port. Furthering its green energy ambitions, HPCL Renewable & Green Energy Ltd., an HPCL subsidiary, signed an MoU with MAHAGENCO Renewable Energy Limited (MREL) to explore collaborative opportunities in Green Hydrogen and renewable energy projects. These developments mark a step forward in HPCL’s commitment to sustainable energy solutions. 

BI Bureau