Hindustan Petroleum Corporation Limited has appointed Smt. Srividya Venkataraman as its Director – Finance effective June 24, 2026, strengthening its leadership team amid a dynamic energy sector. The appointment, made in terms of a directive from the Ministry of Petroleum & Natural Gas, is for a period of five years from the date of assumption of charge, or until the date of her superannuation, or until further orders, whichever is the earliest. Consequently, the additional charge of Director – Finance held by Shri K S Shetty, Director - Human Resources, has concluded.

The company informed the exchanges regarding the change in Directorate in accordance with Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Smt. Srividya Venkataraman (DIN: 09548415) is not related to any of the Directors of the company and is not debarred from holding the position of Director by any order of SEBI or other authorities.

Smt. Srividya Venkataraman is a Chartered Accountant and Cost & Works Accountant with over three decades of experience in the Indian energy sector. Prior to joining Hindustan Petroleum Corporation Limited , she served as Executive Director - Corporate Treasury at Bharat Petroleum Corporation Limited (BPCL). In that capacity, she managed Treasury, Insurance, Investor Relations, Pension Fund Investments, Pricing, and Taxation.

During her tenure at BPCL, she played a pivotal role in mobilizing project finance exceeding ₹30,000 crore for strategic growth initiatives. She also led the implementation of flagship government schemes such as the Direct Benefit Transfer (DBT) scheme and the Pradhan Mantri Ujjwala Yojana (PMUY) during her time in the LPG business. Her experience includes leadership roles across Treasury, Retail, and LPG businesses, focusing on business growth, digital transformation, and governance enhancement.

She has previously served on the Boards of Kannur International Airport Limited, BPCL KIAL Fuel Farm Facilities Pvt. Limited, and FFPL Finserv Private Limited. Her expertise spans treasury management, risk management, capital markets, and business finance.

Hindustan Petroleum Corporation Limited’s joint venture, HPCL Rajasthan Refinery Limited (HRRL), has achieved commercial operations effective June 22, 2026. State Bank of India (SBI), the Lead Banker, confirmed the Actual Date of Commencement of Commercial Operations on June 23, 2026, in accordance with the Rupee Term Loan Facility Agreement. This milestone follows the earlier restoration of the Crude Distillation Unit (CDU), which had suffered a localized fire in its heat exchanger stack on April 20, 2026.

The HRRL Refinery has resumed production of key petroleum products, including BS-VI High Speed Diesel (HSD), LPG, Petcoke, and Naphtha. Commercial sales of LPG and Petcoke have already begun, while dispatches of BS-VI HSD are scheduled to start by the end of this week. Production and dispatches of BS-VI Motor Spirit (MS) are expected to commence in the following week as the refinery ramps up to optimal capacity utilization.

Production Status

The management of both Hindustan Petroleum Corporation Limited and HRRL acknowledged the support of the Ministry of Petroleum and Natural Gas, the Government of India, the Government of Rajasthan, and other partners in reaching this milestone.