HPCL charts aggressive growth: Expanding refineries, investing in LNG & renewables for India's energy future

One aspect of LNG expansion includes capacity booking for the company's re-gasification facility, says Narang

- SIMONTINI BHATTACHARJEE

NEW DELHI: Rajneesh Narang, who currently holds the additional charge of Chairman & Managing Director (C&MD) at Hindustan Petroleum Corporation Ltd (HPCL), shares key insights into the company's strategic expansion plans, investment in LNG and refining capacities, and its aggressive push into renewable energy while talking to the Millennium Post exclusively.

Narang provides a comprehensive overview of how the company is shaping India's energy future, from the commissioning of HPCL's new regasification facility in Gujarat to the latest updates on the Vizag and Barmer refinery projects.

He also highlights HPCL's commitment to sustainability, outlining ambitious plans for renewable energy expansion and green hydrogen adoption. Here's an in-depth look at HPCL's roadmap and vision for the years ahead.

HPCL has signed multiple MoUs, including in the LNG space. Could you elaborate on these developments?

Certainly, we recently commissioned our 5 million metric ton re-gasification facility in Gujarat. This marks a significant step in our gas business expansion.

While we have been procuring domestic gas, this facility allows us to bring in our gas, enabling long-term sourcing arrangements with multiple partners.

Ensuring gas availability will help HPCL be more competitive in the market, instilling confidence among customers regarding our ability to meet their requirements. Additionally, one aspect of our LNG expansion includes capacity booking for our re-gasification facility. Another key aspect is gas trading.

We have signed a MoU with the Indian Gas Exchange (IGX), which allows HPCL and other interested parties to buy gas at the Chhara terminal. This move increases flexibility for potential customers, giving them multiple sourcing options, either directly through HPCL or via other market mechanisms.

Could you provide an update on HPCL's Vizag expansion plan?