HPCL Bags Long-Term Gas Supply Contract from ONGC Petro Additions

19 Jun 2023 , 02:50 PM

Hindustan Petroleum Corporation (HPCL) has been awarded a significant long-term contract by ONGC Petro Additions Ltd (OPaL) to supply natural gas to their mega petrochemical complex in Dahej. HPCL secured the contract through a competitive bidding process against a tender floated by OPaL.

Under the contract, HPCL will supply 13.53 trillion btu of natural gas to OPaL from October 23 to May 26. OPaL, a joint venture of ONGC, GAIL, and GSPC, requires natural gas to operate its captive power plant (CPP) and meet its power and steam requirements.

This contract strengthens the partnership between HPCL and OPaL and reinforces HPCL’s position in the natural gas supply segment.

At the time of writing, Hindustan Petroleum Corporation was trading at Rs 272.65 on the BSE, reflecting a decline of 0.26 %.

HPCL Enters Agreement with Automin Car Services for Co-Branded Vehicle Service Centers

HPCL has also signed an agreement with Automin Car Services Pvt Ltd, a subsidiary of Petromin Corporation from the Kingdom of Saudi Arabia (KSA). The agreement aims to establish co-branded HP-Petromin Express vehicle service centers across India.

This partnership will enhance the service offerings for vehicle owners and provide convenient and efficient maintenance solutions.

For feedback and suggestions, write to us at [e-mail]