Hindustan Petroleum Corporation Limited (HPCL), a leading Indian oil and gas company, has announced a significant change in its senior management team. The company has informed the stock exchanges BSE and NSE about the retirement of Shri Ganesh P Gaikwad, who held the position of Executive Director - CPO (Chief People Officer).

Key Details of the Management Change

This senior management transition was communicated to the stock exchanges as per regulatory requirements, specifically in accordance with Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additional Corporate Updates

In related news, HPCL has also announced:

1. The availability of an audio recording from a recent conference call held on October 31, 2025. This recording, which likely contains discussions on the company's financial performance and strategic outlook, is now accessible to investors and analysts.

2. An upcoming participation in the Nirmal Bang Institutional Equities Annual Investor Conference. The event is scheduled for November 07, 2025, in Mumbai, where HPCL's senior management team will be present.

These corporate actions underscore HPCL's commitment to maintaining transparent communication with its investors and the broader financial community. As the company navigates this leadership transition, stakeholders will be observing any potential impacts on HPCL's operations and strategic direction in the coming months.

Hindustan Petroleum Corporation Limited (HPCL), a leading Indian oil refining and marketing company, has announced strong financial results for the second quarter, along with an interim dividend declaration and significant expansion plans. The company is pursuing a multi-asset expansion strategy that includes developing a Rajasthan refinery and integrating petrochemical operations.

Financial Highlights

HPCL reported a significant improvement in its Gross Refining Margin (GRM), a key metric in the oil refining industry. The company achieved an average GRM of $5.95 per barrel for the April to September period, compared to $4.03 per barrel in the corresponding period last year. This substantial increase of nearly 48% reflects HPCL's improved operational efficiency and favorable market conditions.

The company's financial performance for the quarter ended September 30 showed remarkable growth:

Dividend Announcement

HPCL's Board of Directors has declared an interim dividend of ₹5 per equity share. This represents a dividend payout of 50% on the face value of ₹10 per share.

Key details of the dividend:

• Record Date: November 06
• Payment Date: On or before November 27

Operational Performance

HPCL's operational metrics for the quarter also showed positive trends:

Financial Position

As of September 30, HPCL's financial position remains strong:

• Net Worth: ₹51,948.40 crore
• Debt-Equity Ratio: 1.07

Multi-Asset Expansion Strategy

HPCL is pursuing a multi-asset expansion strategy that includes:

• Developing a Rajasthan refinery
• Growing its retail network
• Integrating petrochemical operations to enhance long-term return on capital employed (ROCE)
• Increasing petrochemical capacity to 4.6 million metric tonnes per annum (MMTPA) by 2027-28
• Expanding its marketing network to 6000 kilometers of pipelines by the same timeframe

The company is also focusing on diversification into renewable energy and electric vehicle infrastructure as part of its net-zero roadmap targeting 2040.

HPCL-Mittal Energy Halts Russian Oil Purchases

HPCL-Mittal Energy, a joint venture of HPCL, has stopped purchasing Russian oil following new sanctions. The company has stated that it will continue to evaluate its status and comply with government rules and laws. This decision aligns with the changing geopolitical landscape and international sanctions affecting the oil trade.

Market Outlook

The improved GRM, strong financial results, and significant expansion plans indicate a positive outlook for HPCL. The company's performance demonstrates resilience in a challenging market, with significant year-on-year growth in profitability. HPCL's ability to improve its refining margins, maintain strong sales volumes, and plan for future growth positions it well in the competitive oil marketing landscape.

However, investors should note that the oil and gas sector remains subject to global market dynamics and regulatory environments, which can impact future performance. The decision by HPCL-Mittal Energy to halt Russian oil purchases underscores the importance of adaptability in the face of changing international regulations.

The interim dividend and ambitious expansion plans reflect the company's commitment to both shareholder returns and long-term growth amidst strong financial performance.