Hindustan Petroleum Corporation Limited (HPCL), one of India’s leading oil marketing companies, has announced a major initiative to modernize its Mumbai Refinery with the Lube Modernization and Bottoms Upgradation Project. This strategic project, approved at the Board Meeting on December 16, 2024, represents a critical investment of Rs. 4679 crore.

Key Highlights of the Project

1. Expansion of Lube Oil Base Stocks (LOBS) Production

The project aims to significantly enhance the production of Lube Oil Base Stocks, increasing capacity from the current 475 KTPA to 764 KTPA. This includes the production of Group II+ and Group III LOBS, which are superior-grade products in high demand for automotive and industrial applications.

2. Boost in Bitumen Production

HPCL will increase Bitumen production by approximately 487 KTPA, addressing the growing infrastructure needs across India. The project also involves upgrading Fuel Oil to Bitumen, a critical step towards optimizing resource utilization and reducing environmental impact.

3. Investment and Timeline

• Estimated Cost: Rs. 4679 crore.
• Timeline: The project will take 36 months for mechanical completion and an additional 3 months for commissioning, ensuring operational readiness within a total of 39 months from the approval date.

Strategic Impact

This modernization project aligns with HPCL's commitment to sustainability and operational excellence. The enhancement of Group II+ and III LOBS production will solidify HPCL’s position as a key supplier in the lubricants market, while the Bitumen production boost will support India’s infrastructure development goals.

Board Meeting Details

The Board of Directors’ meeting commenced at 2:30 PM and concluded at 4:10 PM on December 16, 2024. This milestone decision reflects HPCL's strategic vision to remain at the forefront of the petroleum industry while meeting evolving market demands.

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