HPCL Q1 FY25 Invests Rs 2,017 Cr in Refining and Marketing Infrastructure
HPCL has invested ₹2,017 crore in Q1 FY25, advancing its 9 MMTPA refinery-cum-petrochemical project in Barmer, Rajasthan, and nearing completion of a 3.55 MMTPA Residue Upgradation Facility at Visakh Refinery.
by Damodharan N
Updated Jul 30, 2024
Table of Content
Hindustan Petroleum Corporation Limited (HPCL) has announced a significant investment of ₹2,017 crore in its refining and marketing infrastructure for the first quarter of FY25. This investment includes funding for joint ventures and subsidiary companies to enhance their operations.
The company is making substantial progress on its 9 MMTPA integrated grassroots refinery-cum-petrochemical project in Barmer, Rajasthan (HRRL). Key process units such as Diesel Hydrotreating (DHDT) and Hydrogen Generation Unit (HGU) are currently undergoing pre-commissioning, with other critical units like CDU/VDU, DCU, PFCCU, and VGO-HDT showing about 92% completion.
Overall, the project's physical progress has surpassed 80%. By June 30, 2024, HPCL had committed ₹69,845 crore to the project, with capital expenditure reaching ₹48,001 crore.
At the Visakh Refinery, the construction of a 3.55 MMTPA Residue Upgradation Facility is nearing completion. This facility, one of the largest and most energy-efficient residue hydrocracker units globally, is expected to be mechanically finished by Q2 FY25 and fully operational by Q3 FY25.
Additionally, HPCL’s Mumbai Refinery recently launched the HP De-Aromatized Kerosene (DAK) Unit. This unit produces specialty solvents using indigenous technology developed by HP Green R&D Centre (HPGRDC), which are anticipated to yield higher returns compared to alternative products.
In retail expansion, HPCL commissioned 126 new retail outlets, bringing the total to 22,148, and added 9 new LPG distributorships, increasing the total number to 6,358.
This investment underscores HPCL's commitment to strengthening its infrastructure and expanding its market presence.
Source: Here
HPCL Q1 FY25 Results
Hindustan Petroleum Corporation Limited (HPCL) has released its financial results for the first quarter of FY25, showcasing a mix of resilient performance and ongoing expansion efforts.
Key Financial Highlights:
- Standalone Revenue from Operations: ₹1,20,859 crore, up from ₹1,19,044 crore in Q1 FY24.
- Standalone Profit After Tax (PAT): ₹356 crore, compared to ₹6,204 crore in the same quarter last year.
- Consolidated PAT: ₹634 crore, down from ₹6,766 crore in Q1 FY24.
- Gross Refining Margins (GRMs): US$ 5.03 per barrel, a decrease from US$ 7.44 per barrel in Q1 FY24.
Physical Performance:
- Crude Throughput: 5.76 MMT, a 6.7% increase from 5.40 MMT in Q1 FY24.
- Quarterly Sales Volume: 12.63 MMT, up 6.6% from 11.85 MMT in Q1 FY24.
- Market Share Gain: 0.25% among PSU Oil Marketing Companies.
- Pipeline Throughput: Highest-ever at 6.83 MMT, a 5.2% increase from Q1 FY24.
- Petrochemical Sales: Highest-ever at 30.3 TMT.
New Projects and Initiatives:
- City Gas Distribution (CGD): Expanded CNG sales in Rajasthan’s Geographical Areas.
- Lubricants: Launched new brands and the HP Buddy Program; introduced the 'Racer Station' mechanic outreach program.
- Digital Transformation: ‘HP Pay’ app surpassed 1 million active users with over 4 million transactions.
- Infrastructure for Low-Carbon Economy:
- Commissioned a Solid Oxide Electrolyser (SOE) for producing Green Hydrogen.
- Launched the first Biomass-based Compressed Bio Gas (CBG) Plant and issued 8 new LoIs for CBG Plants.
- Achieved record Ethanol blending of 14.3%.
Retail Network Expansion:
- CNG Facilities: Added 39 new CNG facilities, bringing the total to 1,729.
- EV Charging Stations: Installed at 102 retail outlets, increasing the total to 3,705.
- Solar Panels: Installed at 751 outlets, with a total of 18,369 outlets powered by solar energy, covering 83% of HPCL’s network.
HPCL’s strong physical performance and continued investments in infrastructure and new technologies highlight its commitment to growth and adaptation in a competitive energy sector.
HPCL
HPCL is a major energy company that delivers a wide range of solutions across India and beyond, transforming the energy landscape. The company operates multiple refineries, including Mumbai and Visakh refineries, and manages a vast network of retail outlets, LPG distributorships, and aviation fuel stations.
With a commitment to innovation and sustainability, HPCL provides clean and safe gas for kitchens, personalized vehicle care, and supports various industries through its extensive infrastructure.
The company's operations include refining, petrochemicals, bitumen, biofuels, and natural gas, reflecting its role in everyday life and its focus on safety, sustainable growth, and community support.
HPCL Q1 FY25 Invests Rs 2,017 Cr in Refining and Marketing Infrastructure - FAQs
1. What was HPCL’s Standalone Revenue from Operations for Q1 FY25?
HPCL reported a Standalone Revenue from Operations of ₹1,20,859 crore for Q1 FY25, showing a slight increase from ₹1,19,044 crore in the same quarter last year.
2. How does the Q1 FY25 revenue compare to Q1 FY24?
The revenue for Q1 FY25 increased marginally compared to ₹1,19,044 crore in Q1 FY24, indicating a positive trend in operational performance.
3. What was HPCL’s Standalone Profit After Tax (PAT) in Q1 FY25?
The Standalone Profit After Tax (PAT) for HPCL in Q1 FY25 was ₹356 crore, a significant drop from ₹6,204 crore in the same quarter of the previous fiscal year.
4. How does the Q1 FY25 PAT compare to Q1 FY24?
The PAT for Q1 FY25 decreased substantially from ₹6,204 crore in Q1 FY24, reflecting a challenging period for the company.
5. What was HPCL’s Consolidated PAT for Q1 FY25?
HPCL’s Consolidated Profit After Tax (PAT) for Q1 FY25 stood at ₹634 crore, down from ₹6,766 crore in Q1 FY24.
6. How does the Q1 FY25 Consolidated PAT compare to Q1 FY24?
The Consolidated PAT decreased from ₹6,766 crore in Q1 FY24, indicating a drop in overall profitability.
7. What were the Gross Refining Margins (GRMs) for Q1 FY25?
The Gross Refining Margins (GRMs) for Q1 FY25 were US$ 5.03 per barrel, a decrease from US$ 7.44 per barrel reported in Q1 FY24.
8. How do the GRMs for Q1 FY25 compare to Q1 FY24?
The GRMs have decreased compared to US$ 7.44 per barrel in Q1 FY24, highlighting reduced refining profitability.
9. What was the crude throughput for HPCL in Q1 FY25?
HPCL achieved a crude throughput of 5.76 MMT in Q1 FY25, showing a 6.7% increase from 5.40 MMT in the previous year’s first quarter.
10. How does the Q1 FY25 crude throughput compare to Q1 FY24?
The crude throughput increased from 5.40 MMT in Q1 FY24, indicating higher operational efficiency and capacity utilization.
11. What was HPCL’s quarterly sales volume in Q1 FY25?
The quarterly sales volume for HPCL in Q1 FY25 was 12.63 MMT, up by 6.6% from 11.85 MMT in Q1 FY24.
12. How does the Q1 FY25 sales volume compare to Q1 FY24?
The sales volume increased from 11.85 MMT in Q1 FY24, reflecting improved market demand and sales performance.
13. What market share gain did HPCL achieve among PSU Oil Marketing Companies in Q1 FY25?
HPCL gained 0.25% market share among PSU Oil Marketing Companies in Q1 FY25.
14. What was the pipeline throughput for HPCL in Q1 FY25?
HPCL’s pipeline throughput reached 6.83 MMT in Q1 FY25, which is the highest-ever recorded and a 5.2% increase from the previous year.
15. How does the Q1 FY25 pipeline throughput compare to Q1 FY24?
The pipeline throughput increased from 6.49 MMT in Q1 FY24, demonstrating growth in pipeline capacity and usage.
16. What was the highest-ever petrochemical sales volume recorded by HPCL in Q1 FY25?
HPCL recorded its highest-ever petrochemical sales volume of 30.3 TMT in Q1 FY25.
17. What new infrastructure did HPCL add in Q1 FY25?
In Q1 FY25, HPCL added 126 new retail outlets and 9 new LPG distributorships to its network.
18. What was the total number of retail outlets for HPCL by the end of Q1 FY25?
By the end of Q1 FY25, HPCL had a total of 22,148 retail outlets across the country.
19. How many LPG distributorships did HPCL have at the end of Q1 FY25?
HPCL had 6,358 LPG distributorships by the end of Q1 FY25.
20. What is the total number of CNG facilities HPCL has added as of Q1 FY25?
HPCL added 39 new CNG facilities in Q1 FY25, bringing the total number to 1,729.
21. How many EV charging stations did HPCL install in Q1 FY25?
HPCL installed 102 new EV charging stations in Q1 FY25, increasing the total to 3,705.
22. How many retail outlets does HPCL have with solar power as of Q1 FY25?
HPCL installed solar panels at 18,369 retail outlets, covering 83% of its network.
23. What percentage of HPCL’s retail outlet network is powered by solar energy?
Solar energy powers 83% of HPCL’s retail outlet network.
24. How much ethanol blending did HPCL achieve in Q1 FY25?
HPCL achieved a record ethanol blending of 14.3% in Q1 FY25.
25. What was the total ethanol volume blended by HPCL in Q1 FY25?
HPCL blended approximately 48.12 crore liters of ethanol in Q1 FY25.
26. What new project did HPCL commission for Green Hydrogen production in Q1 FY25?
HPCL commissioned a Solid Oxide Electrolyser (SOE) for producing Green Hydrogen in Q1 FY25.
27. What was the production capacity of the first Biomass-based Compressed Bio Gas (CBG) Plant launched by HPCL?
The first Biomass-based Compressed Bio Gas (CBG) Plant launched by HPCL had a production capacity of 230.57 MT.
28. How many new LoIs for CBG Plants did HPCL issue in Q1 FY25?
HPCL issued 8 new Letters of Intent (LoIs) for CBG Plants in Q1 FY25.
29. What is the total number of active LoIs for CBG Plants held by HPCL as of Q1 FY25?
HPCL holds a total of 115 active LoIs for CBG Plants as of Q1 FY25.
30. What was HPCL’s pipeline network length as of Q1 FY25?
HPCL’s pipeline network length was 4,435 km as of Q1 FY25.