7 months ago
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The interaction of the caller chloride contamination is not arsenic atrocious arsenic anticipated and has been contained, Hindustan Petroleum’s Chairman and Managing Director (CMD) Vikas Kaushal stated successful an capitalist telephone connected Friday (October 31, 2025).
Speaking to investors pursuing the announcement of their second-quarter results earlier this week, Mr. Kaushal said that a portion of the Mumbai refinery that had to beryllium unopen down pursuing the interaction of the contaminated substance is present “fully backmost and ramping up to afloat capacity”.
“Good quality is that we are astir done with that, but dealing with immoderate of the contaminated products,” helium said, adding, “as of past night, the portion which was down is afloat backmost and present we are ramping up to afloat capacity.”
Earlier this week, the state-owned refiner had stated that a portion of the crude lipid it had received from a supplier, Hindustan Oil Exploration Company, had been discovered to beryllium carrying “very precocious brackish and chloride contented successful the [acquired] crude oil”.
HPCL said this had caused operational issues during processing, including corrosion successful downstream units and yielding suboptimal outputs successful their Mumbai refineries. In response, the supplier had stated it was examining the claims and was successful treatment with the refiner.
‘Impact tin beryllium absorbed’
Mr. Kaushal held the interaction from contamination was “manageable”.
He informed that the refiner has a “bad product”, fundamentally naphtha, which is “about 100 1000 metric tonnes (TMT)”.
“We had nary enactment but to export it astatine a discount that knocked america by astir ₹150 crores,” helium said. The CMD besides informed that determination would beryllium a postponement of revenues owing to 1 of the last finishing units being down and the institution having to clasp backmost semi-processed products. The revenues are expected to get aboriginal adjacent month, helium added.
Further, Mr. Kaushal informed determination is immoderate leftover crude, and the refiner is trying to dispose it.
“As and erstwhile it is done, there would be some much impact, but we bash not expect it to beryllium massive,” helium emphasised. Finally, the elder enforcement underlined that with the (part of) portion out, determination was immoderate “extra movement” they had to do. He held that the institution would beryllium capable to incorporate it wrong the suggested ₹150 crores.
“As a absorption team, we are precise comfy astatine being capable to mitigate the fiscal interaction of it,” helium stated.
