Hindustan Petroleum Plans to Establish Global Oil Trading Desk

25 Apr 2024 CW Team

Hindustan Petroleum Corporation Limited (HPCL) has unveiled plans to set up a global oil trading desk, marking a strategic move to expand its presence in the international oil market. This initiative underscores HPCL's commitment to diversifying its operations and capitalising on emerging opportunities in the global energy sector.

The establishment of a global oil trading desk will enable HPCL to actively participate in international oil trading activities, including procurement, trading, and distribution of crude oil and petroleum products. By leveraging its expertise and market insights, HPCL aims to optimise its procurement strategies, enhance supply chain efficiency, and mitigate risks associated with oil price fluctuations.

The decision to venture into global oil trading aligns with HPCL's broader vision of becoming a leading player in the global energy market. The company seeks to strengthen its competitiveness and create value for stakeholders by expanding its footprint beyond domestic markets and tapping into new avenues for growth and profitability.

The establishment of a global oil trading desk will also provide HPCL with greater flexibility in managing its energy portfolio and responding to evolving market dynamics. By establishing a direct presence in key international trading hubs, HPCL can enhance its market intelligence capabilities and forge strategic partnerships with global stakeholders.

As HPCL embarks on this new venture, it remains committed to upholding the highest standards of integrity, transparency, and sustainability in its trading operations. The establishment of a global oil trading desk reflects HPCL's ambition to become a dynamic and agile player in the global energy landscape, driving value creation and sustainable growth for the company and its stakeholders.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..