23-Oct-2026 13:35:11
HINDUSTAN PETROLEUM (HPCL) Q2 CONCALL : RAJASTHAN REFINERY FULL RAMP-UP BY DECEMBER, GRM POTENTIAL ABOVE $20/BBL & ₹1,000 CR ANNUAL INTEREST SAVINGS
• RAJASTHAN REFINERY TARGETING FULL REFINING RUN RATE BY DECEMBER 2026 • REFINERY THROUGHPUT EXPECTED TO REACH 8–9 MMTPA ANNUALIZED RUN RATE BY Q3 FY27-END • RAJASTHAN REFINERY GRM COULD EXCEED $20/BBL IN Q4 FY27, SUBJECT TO MARKET CONDITIONS • HRRL OCTOBER REVENUE EXPECTED ABOVE ₹4,000 CR; MANAGEMENT HOPEFUL OF PBT-POSITIVE MONTH • HRRL FINANCIAL RESTRUCTURING EXPECTED TO REDUCE ANNUAL INTEREST COST BY APPROXIMATELY ₹1,000 CR • RAJASTHAN PETROCHEMICAL UNITS TARGETED FOR INITIAL COMMISSIONING IN Q4 FY27 • MEANINGFUL PETROCHEMICAL EARNINGS CONTRIBUTION EXPECTED FROM FY28 • VIZAG RESIDUE-UPGRADATION UNIT TARGETING FULL BENEFITS BY MARCH–APRIL 2027 • VIZAG REFINERY GRM UPLIFT TARGETED AT $2–3/BBL VS CURRENT $0.65–0.70/BBL • HPCL COULD MEET APPROXIMATELY 95% OF MARKETING PRODUCT REQUIREMENTS THROUGH OWN & JV REFINERIES AFTER RAMP-UP • SAMRIDHI COST-SAVING PROGRAMME EXPECTED TO ACHIEVE PREVIOUSLY COMMUNICATED FY27 TARGETS • CHHARA LNG TERMINAL UTILIZATION TARGETED AT 15–20% DURING H2 FY27 • CAPTIVE RENEWABLE ENERGY PORTFOLIO TARGETED ABOVE 1 GW OVER NEXT 2 YEARS • EV CHARGING NETWORK REACHED APPROXIMATELY 5,500 CHARGERS, WITH WEEKLY REVENUE TRIPLING SINCE FY27-BEGINNING • HIGHER LPG UNDER-RECOVERIES, CRUDE FREIGHT COSTS & REFINERY COMMISSIONING DELAYS REMAIN KEY RISKS
HINDUSTAN PETROLEUM CORP