4 months ago
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Hindustan Petroleum’s gross refining margins (GRM) successful the 4th ended December 31, 2025 would person been higher had the chloride contamination not happened astatine the Mumbai refinery, president & managing manager (CMD) Vikas Kaushal told investors successful a league telephone Thursday (January 22, 2026).
“If we did not person the incident, we [GRM] would person been $3.5 per tube higher successful Mumbai, and overall, we would person been astatine $10.24 per tube [instead of $8.85 per barrel] successful the quarter,” Mr. Kaushal told investors.
In October 2025, the Mumbai-headquartered refiner had informed that a portion of the crude lipid it had received from a supplier, that is, Hindustan Oil Exploration Company, had been discovered to beryllium carrying “very precocious brackish and chloride contented successful the [acquired] crude oil”. A portion of the refinery had to beryllium unopen down temporarily thought it returned to operating astatine afloat capacity, Mr. Kaushal had told investors successful the league telephone successful 2025.
Mr. Kaushal informed Thursday (January 22, 2026) that “the contented is afloat down us”. “There are lone residual matters to beryllium solved which are much of fiscal and commercial, but the plus is moving backmost astatine afloat and the run-rate GRMs would beryllium what they ought to beryllium for an plus of that standard and class,” helium said.
On Wednesday (January 21, 2026), the Mumbai-headquartered refiner had informed that consolidated nett net of the institution roseate by astir 57.7% connected a year-over-year ground to ₹4,011 crore successful the December-end 4th fuelled an betterment successful gross refining margins during the period.
(At the clip of writing, scrips were trading 0.8% little astatine ₹425.50 apiece connected the BSE and astir 0.9% little astatine ₹425.30 apiece connected the NSE.)
