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 Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..