HOECL supplied crude oil causes problem at HPCL's Mumbai Refinery

Hindustan Petroleum Corporation Limited (HPCL) had sourced 54.6 MT of crude oil from the B-80 Mumbai Offshore oilfield of Hindustan Oil Exploration Company Limited (HOECL), for processing at its Mumbai Refinery through auction dated 25.08.2025.

A part of the said crude oil received subsequently was processed in October 2025 and found to be causing operational issues including corrosion in downstream units, yielding suboptimal outputs and turned down production. Potential reasons are the very high salt and chloride content in the crude oil, which are beyond contractual terms of Crude Offtake Sales Agreement with Supplier. Matter has been taken up with the supplier and claims and damages in line with the contractual terms would be pursued.

The Company has taken the necessary steps to return to normal operations at the earliest.

Shares of Hindustan Oil Exploration Company Limited was last trading in BSE at Rs. 161.95 as compared to the previous close of Rs. 163.00. The total number of shares traded during the day was 7491 in over 159 trades.

The stock hit an intraday high of Rs. 166.95 and intraday low of 161.00. The net turnover during the day was Rs. 1218628.00.

Shares of Hindustan Petroleum Corporation Limited was last trading in BSE at Rs. 454.00 as compared to the previous close of Rs. 438.60. The total number of shares traded during the day was 282256 in over 5260 trades.

The stock hit an intraday high of Rs. 454.25 and intraday low of 438.45. The net turnover during the day was Rs. 127238796.00.

Source : Equity Bulls

Keywords

HindustanOilExplorationCompany INE345A01011 CrudeSupply HindustanPetroleumCorporation INE094A01015 HPCL Problem MumbaiRefinery