HPCL JV HRRL refinery achieves commercial operations on Jun 22, 2026

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

Product	Status
BS-VI High Speed Diesel (HSD)	Production commenced; dispatches expected by end of week
LPG	Production commenced; sales started
Petcoke	Production commenced; sales started
Naphtha	Production commenced
BS-VI Motor Spirit (MS)	Production and dispatches expected next week

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.98%	-3.03%	-1.99%	-10.56%	-8.43%	+118.61%

Hindustan Petroleum Corporation Limited has set a deadline of September 11, 2026, for shareholders to claim unclaimed dividends pertaining to FY 2018-19 (Final) to avoid the transfer of shares to the Investor Education and Protection Fund (IEPF) Authority. The company stated that dividends which have remained unclaimed for seven consecutive years, from FY 2018-19 (Final) to FY 2025-26 (Interim), are liable to be transferred to the IEPF Authority under the Companies Act, 2013. If the claims are not made by the stipulated date, the shares associated with the unclaimed dividends will be transferred to the authority along with the dividend amounts.

The company has uploaded the details of all unclaimed dividends, including those for FY 2018-19 (Final), on its website. Shareholders have been advised to verify their folios and claim any pending amounts immediately. Additionally, the company requested shareholders to claim unclaimed dividends for other financial years as well. To process these claims, shareholders must ensure their KYC details, including email, address, PAN, mobile number, and bank details, are updated with their respective Depository Participants for Demat shares or the Registrar and Transfer Agents (RTA) for physical shares.

Transfer Process and Consequences

If no claim or application is received by the company or its RTA by September 11, 2026, the company will transfer the underlying shares to the IEPF Authority. The process varies based on the mode of holding:

Share Holding Mode	Transfer Process
Physical Form	Issuance of duplicate share certificate and transfer to IEPF Authority; original certificates stand cancelled.
Demat Mode	Issuance of instruction to the member's Depository Participant to transfer shares directly to IEPF Authority.

The company cautioned that once the shares are transferred, all future benefits, including dividends, will also be credited to the IEPF Authority. However, shareholders may reclaim these shares and benefits by following the procedure prescribed under the IEPF rules.

Contact Information

Shareholders must submit their claims to the company's RTA, M/s. MUFG Intime India Pvt. Ltd., located at C-101, 247 Park, L.B.S Marg, Vikhroli (W), Mumbai - 400083. Queries can be directed via email to investor.helpdesk@in.mpms.mufg.com or by calling +91 8108116767. The public notice was issued by Rakesh Kumar Singh, Company Secretary, on June 19, 2026.