Hindustan petroleum Corporation Limited (HPCL) has received an Environmental, Social and Governance (ESG) rating of 65 in the Aspiring Category from NSE Sustainability Ratings and Analytics Limited for fiscal year 2023-2024.

ESG Rating Details

The oil refining major informed stock exchanges about this development on December 10, 2025, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Independent Assessment

HPCL emphasized that the company did not engage NSE Sustainability Ratings and Analytics Limited for obtaining this ESG rating. The rating agency independently prepared the ESG assessment report based on data available in the public domain.

The ESG rating has been published by NSE Sustainability Ratings and Analytics Limited and is accessible through their official platform for stakeholder reference.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. HPCL communicated this information to both BSE Limited and National Stock Exchange of India Limited as part of its regulatory obligations.

This ESG rating reflects the company's performance across environmental, social, and governance parameters for the fiscal year 2023-2024, providing stakeholders with insights into HPCL's sustainability practices and corporate governance standards.

Hindustan Zinc, a prominent Vedanta Group company, has taken a significant step towards diversifying its mineral portfolio by securing a composite license for tungsten exploration and mining in Andhra Pradesh. This strategic move marks the company's expansion beyond its traditional focus on zinc, lead, and silver, venturing into the realm of critical minerals essential for advanced manufacturing.

Key Developments

• License Acquisition: Hindustan Zinc has been awarded a composite license by the Andhra Pradesh government for tungsten exploration and mining.
• Bidding Process: The company emerged as the successful bidder through a competitive auction conducted by the central government.
• Strategic Diversification: This move aligns with Hindustan Zinc's strategy to expand into high-value minerals crucial for advanced manufacturing processes.

Implications for Hindustan Zinc

The acquisition of this tungsten mining license represents a notable shift in Hindustan Zinc's operational focus. Here's a breakdown of the potential impact:

Tungsten: A Critical Mineral

Tungsten is classified as a critical mineral due to its unique properties and applications in various industries:

• Properties: High melting point, excellent electrical conductivity, and extreme hardness
• Applications: Used in aerospace, defense, electronics, and high-tech manufacturing
• Strategic Importance: Essential for many advanced technologies and industrial processes

This move by Hindustan Zinc could potentially strengthen India's position in the global critical minerals market, reducing dependence on imports for this valuable resource.

As the company embarks on this new venture, stakeholders will be keenly watching how Hindustan Zinc leverages its expertise in mining operations to develop and exploit this tungsten resource. The success of this project could pave the way for further diversification and growth opportunities in the critical minerals sector.