HPCL Seeks LNG Deals, Targets December Launch for Terminal

02 Aug 2024 CW Team

Hindustan Petroleum Corporation Limited (HPCL) is intensifying efforts to secure liquefied natural gas (LNG) deals as it plans to launch its new LNG terminal by December. The move is part of HPCL's strategy to bolster its energy supply and meet growing demand for cleaner fuels.

The upcoming LNG terminal is expected to play a significant role in enhancing HPCL's infrastructure capabilities and supporting India's energy transition. The company is currently in discussions with various international and domestic stakeholders to finalize LNG supply agreements.

The new terminal will be crucial for HPCL in diversifying its energy portfolio and reducing reliance on traditional fossil fuels. By expanding its LNG infrastructure, HPCL aims to strengthen its position in the energy market and contribute to the country's efforts in promoting cleaner energy sources.

HPCL's proactive approach in securing LNG deals reflects its commitment to supporting India's energy needs and aligning with the government's focus on sustainable energy solutions. The successful launch of the terminal will mark a key milestone for HPCL and enhance its operational efficiency in the energy sector.

The company's efforts come at a time when demand for LNG is rising globally, driven by its lower carbon footprint compared to coal and oil. The timely completion and operationalization of the LNG terminal will position HPCL advantageously in the evolving energy landscape.

Resources

11 May 2026

JSW One Elevates Mayank Gupta as CFO

JSW One Platforms has elevated Mayank Gupta as Chief Financial Officer as the company strengthens its leadership team to support its next phase of growth and institutional expansion.Gupta, who earlier served as Chief Operating Officer, has played a key role in scaling the company’s integrated commerce, supply chain and finance ecosystem. In his new role, he will oversee strategic finance, treasury, governance, capital allocation and financial planning.Gaurav Sachdeva, Joint Managing Director and CEO, JSW One Platforms, said Gupta’s operational understanding and financial expertise make him..

India and EU Launch 15.2 Million Euro EV Battery Recycling Initiative

India and the European Union launched a third coordinated call for proposals on the recycling of electric vehicle batteries under the India-EU Trade and Technology Council Working Group two on five May 2026, with submissions due on 15 September 2026. The initiative is aimed at securing critical raw materials and accelerating the transition to a circular economy while deepening bilateral relations. The announcement was made by officials from the Office of the Principal Scientific Adviser and the European Commission. The call has a combined funding pool of 15.2 million euros (15.2 mn euros) and ..

Aptus Value Posts Strong FY26 Results And Asset Quality

Aptus Value Housing Finance India Limited on six May 2026 reported results for the quarter and year ended 31 March 2026. Assets under management (AUM) stood at Rs 131.07 bn, up 21 per cent year on year. The company said improved field execution and sustained demand supported the growth. Disbursements in the fourth quarter were Rs 12.42 bn, up 17 per cent year on year, and full year disbursements were Rs 40.09 bn, up 11 per cent. Total income for FY26 was Rs 22.46 bn, up 25 per cent, and net profit for the year was Rs 9.43 bn, a rise of 26 per cent. Quarterly net profit was Rs 2.61 bn. For the ..