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HPCL gets nod for lube modernization and bottoms upgradation project

17 Dec 2024 Evaluate

Hindustan Petroleum Corporation (HPCL) has received approval from board for ‘Lube Modernization and Bottoms Upgradation Project’ at Mumbai Refinery. This project would increase the Lube Oil Base Stocks (LOBS) production from current 475 KTPA to 764 KTPA with production of superior grade Group II+ and Group III LOBS. Additionally, there would be increase in Bitumen production by approximately 487 KTPA with upgradation of Fuel Oil to Bitumen.

The estimated cost of this project is Rs 4679 crore with a Mechanical completion schedule of 36 months and 3 months for commissioning from the date of Board approval. The Board at the meeting held on December 16, 2024 has approved the same. 

Hindustan Petroleum Corporation operates two major refineries producing a wide variety of petroleum fuels and Specialties. The Company also owns and operates the largest lube refinery in the country producing lube base oils of international standards.

HPCL Share Price

392.05 -7.35 (-1.84%)
07-May-2026 10:37 View Price Chart
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Company Name CMP
Reliance Industries 1441.95
Indian Oil Corp. 146.25
BPCL 307.75
HPCL 392.05
MRPL 155.40
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