Hindustan Petroleum Corporation Limited (HPCL) and Indian Gas Exchange Limited (IGX) have entered into a strategic partnership to enhance access to critical LNG infrastructure in India. The Memorandum of Understanding was signed during India Energy Week 2026 in Goa, marking a significant development in India's natural gas market architecture.

Strategic Partnership Details

The MoU was formalized by key executives from both organizations, with Mr. Anuj Mehrotra, Executive Director – Natural Gas at HPCL, and Mr. Rajesh Kumar Mediratta, Managing Director & CEO of IGX, signing the agreement. This collaboration focuses on strengthening access to regasification infrastructure and deepening market-based participation in India's natural gas ecosystem.

Digital Platform Development

Under this collaboration, IGX will develop a comprehensive digital, market-driven platform designed to facilitate transparent booking of regasification services at HPCL's Chhara LNG Terminal. HPCL will make its storage and regasification capacities available for booking in pre-specified quantities and durations through this innovative platform.

The digital platform represents a significant step toward modernizing India's gas infrastructure access mechanisms. The initiative aims to improve infrastructure utilization, widen market participation, and support the evolution of a more liquid, competitive, and efficient gas market across India.

Leadership Perspectives

Mr. Anuj Mehrotra emphasized that the collaboration with IGX reflects HPCL's commitment to transparent, efficient, and market-oriented access to critical gas infrastructure. He noted that by leveraging digital platforms and market mechanisms, the initiative aims to enhance utilization of the Chhara LNG terminal and accelerate adoption of natural gas across key consuming sectors.

Mr. Rajesh K. Mediratta highlighted that this MoU marks a significant milestone in strengthening India's gas market architecture. He explained that market-based access to regasification capacity will enhance efficiency, broaden participation, and improve price discovery, thereby accelerating the growth of natural gas in India's energy mix.

HPCL's Infrastructure Network

HPCL operates an extensive energy infrastructure network across India, including two oil refineries on the East and West Coasts and equity stakes in HMEL and MRPL joint venture refineries. The company maintains a vast marketing network comprising 24,572 retail outlets and 6,389 LPG distributorships.

Market Impact and Future Outlook

This strategic partnership between HPCL and IGX represents a crucial development in India's natural gas market evolution. The collaboration is expected to enhance market efficiency through improved price discovery mechanisms and broader participation in the gas trading ecosystem. The digital platform will provide market participants with transparent access to regasification services, potentially increasing the overall utilization of India's LNG infrastructure and supporting the country's transition toward cleaner energy sources.

Hindustan Petroleum Corporation Limited (HPCL) has announced a strategic partnership with Thermax Limited through a Memorandum of Understanding (MoU) signed at India Energy Week 2026 in Goa. The collaboration marks a significant step towards advancing clean and new energy solutions in India's evolving energy landscape.

Strategic Partnership Overview

The partnership brings together two industry leaders to focus on joint development and commercialization of emerging clean energy technologies. The collaboration leverages the complementary strengths of both organizations to create scalable and indigenous energy solutions.

Technology Focus Areas

The collaboration will concentrate on three key technology domains that represent critical components of India's clean energy transition. These technologies align with global trends towards sustainable and low-carbon energy solutions.

Key Technologies Under Development

• HP AEM Electrolyzers: Advanced electrolyzer technology for hydrogen production
• CO2 Capture Solutions: Carbon dioxide capture and utilization technologies
• Bio-pyrolysis Oil Processing: Sustainable fuel processing from biomass sources

Organizational Strengths and Synergies

The partnership strategically combines the distinct capabilities of both organizations to maximize technological innovation and commercial viability. HPCL brings its extensive process innovation expertise and research and development capabilities to the collaboration. Thermax contributes its proven engineering excellence and industrial implementation strengths.

Strategic Alignment with National Objectives

The MoU reinforces both organizations' commitment to the "Make in India" initiative, emphasizing the development of indigenous technological solutions. The partnership supports India's broader energy transition goals through the advancement of sustainable, low-carbon technologies that can contribute to the country's clean energy objectives.

This collaboration represents a significant development in India's clean energy sector, bringing together established industry expertise to address emerging technological challenges in the energy transition space.