Latest news with #HindustanPetroleumCorporationLtd
Time of India
5 days ago
- Automotive
- Time of India
Karnataka home department to procure fuel worth Rs 11crore without tender
Bengaluru: To operate over 2,000 vehicles of the fire and emergency services department, as well as vehicles from home guards and civil defence departments, the govt recently gave exemption to the home department to procure the required fuel for one year through petrocard system. According to the notification issued by the finance department on May 27, the govt exempted the home department from tendering to buy Rs 2 crore worth of fuel from Hindustan Petroleum Corporation Ltd (HPCL). In another notification issued the same day, an exemption was given from tendering to purchase Rs 9 crore worth of fuel, lubricants and other items from HPCL. According to the notifications, a 4(g) exemption was provided under Karnataka Transparency in Public Procurement (KTPP) Act. This exemption allows the home department to directly procure fuel without going through the tender process. However, a condition was placed on the department to ensure quality services at an appropriate price. According to sources, the home department recently requested the finance department for an exemption from the tender process. The fire and emergency services department has over 2,000 vehicles, including fire-fighting vehicles, two-wheelers, and four-wheelers. Home guards department has more than 500 vehicles.
Time of India
6 days ago
- Business
- Time of India
Statiq partners with HPCL to expand public EV charging access across India
New Delhi: Electric vehicle charging platform Statiq has integrated more than 5,100 electric vehicle (EV) chargers from Hindustan Petroleum Corporation Ltd (HPCL) onto its mobile application through its EVLinq platform, the company said. The partnership includes onboarding HPCL's existing and upcoming EV charging infrastructure, of which 2,900 are DC fast chargers. The chargers will be accessible via the Statiq app, which will allow real-time visibility, discovery, and navigation for EV users across India. HPCL operates over 23,000 fuel retail outlets in India and is expanding its EV charging footprint under the Government of India's PM eDrive scheme of the Ministry of Heavy Industries. 'Statiq's EVLinq platform will power the seamless aggregation and real-time visibility of HPCL chargers, enabling EV users to discover, navigate, and charge at HPCL stations effortlessly,' the company said in a statement. The EVLinq platform provides interoperability with multiple EV charging protocols and backend monitoring for charge point operators (CPOs) and e-mobility service providers (eMSPs). 'We are thrilled to welcome HPCL's extensive charging network onto the Statiq platform. This partnership not only adds scale to our network but also reinforces our mission to make EV charging seamless and convenient for every Indian EV owner,' said Raghav Arora, co-founder and CTO, Statiq. The company said this collaboration will strengthen the public EV charging ecosystem and support India's transition to electric mobility by enabling unified access and visibility of charging points.>
Hans India
06-05-2025
- Business
- Hans India
HPCL clocks 18 pc jump in Q4 net profit at Rs 3,355 crore, declares Rs 10.50 dividend
New Delhi: Hindustan Petroleum Corporation Ltd. (HPCL) on Tuesday reported a standalone net profit of Rs 3,355 crore in for the January-March quarter of financial year 2024-25, which represents an 18 per cent increase over the corresponding figure for the same quarter of 2023-24. The government-owned oil refining and marketing major's total income during the fourth quarter came in at Rs 1.19 lakh crore. HPCL also announced a final dividend of Rs 10.50 per equity share for the financial year which ended on March 31, 2025. The record date to determine the eligibility of the shareholders set to receive the payment has been set at August 14. HPCL has drawn up a Rs 1.3 lakh crore investment plan for 2025 and beyond. The company aims to increase crude oil imports, expand its Vizag refinery, and commission the new Barmer oil refinery, and is also aiming for 10 GW of renewable energy capacity by 2030. The company plans to increase the capacity of its Vizag oil refinery in southern India by as much as 20 per cent to meet growing local fuel demand. HPCL recently expanded the capacity of the Vizag refinery to 300,000 barrels per day and is looking for a further increase. The company now has plans for another 20 per cent expansion of the refinery. The oil major will soon start operations at the Vizag refinery's new secondary units, including a 3.5 million-ton-per-year residue upgradation unit to boost its distillate yield by 10 per cent and improve its gross refining margin to increase profits. Besides, HPCL is also building a hi-tech petrochemical plant at its 180,000 bpd Barmer refinery in Rajasthan. While crude processing at the Barmer refinery will begin in June-July, the petrochemical project will start operation by December, HPCL CMD Rajneesg Narang said recently. HPCL is also investing in a lube expansion project at its Mumbai refinery and a deasphalting plant to boost bitumen production.
